UAE banks lead GCC lending growth as loans rise 4.5%
Kamco Invest says U.A.E. banks are leading lending growth in the Gulf despite regional geopolitical disruption. Gross loans at U.A.E.-listed banks rose 4.5% from the previous quarter in Q2, the strongest increase among GCC markets.
E. banks continued to lead lending growth in the Gulf despite regional geopolitical disruption, Kamco Invest said. 5% from the previous quarter in the second quarter, the strongest increase among GCC markets. Central-bank data showed systemwide credit growth remained firm.