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UAE Banks Provide AED 49.5B Credit to Private Sector, Up 4.5%

Credit facilities extended by UAE national banks to the private sector reached AED49.5B during the first five months of 2024, raising the cumulative total to AED1.182T by the end of May, up from AED1.132T at the end of December 2023, marking a 4.5 percent growth, according to the Central Bank of the UAE (CBUAE).