Credit facilities provided by national banks to the business and industrial sector rose 1.92 percent to US$3.5 billion (AED13.1 billion) in the first four months of 2022.
Total amount of credit facilities now stands at $189.7 billion (AED 696.7 billion) from $186.1 billion (AED683.6 billion) in the corresponding period in 2021, the Central Bank of the United Arab Emirates (CBUAE) said.
The cumulative balance of credit provided by national banks to the sector on a year-on-year basis grew by 2.14 percent or $3.9 billion (AED 14.6 billion).
The value of credit facilities extended by national banks to the sector accounted for 89.1 percent of the gross accumulative credit balance.
It reached AED 782.5 billion by the end of last April, while the share of foreign banks stood at 10.9 percent or AED 85.8 billion.