DUBAI May 4 Demand for business credit and
personal loans in the United Arab Emirates increased modestly in
the January-March quarter because of higher oil prices and more
moderate government austerity measures, a central bank survey
showed on Sunday.
The net balance measure for business lending - the weighted
percentage of respondents reporting an increase in demand for
loans minus those reporting a fall in demand - was plus 7.6 in
the latest quarter, up from minus 1.3 in the previous quarter.
Banks continued to tighten credit standards last quarter but
more slowly, the survey found. For the current quarter,
respondents expected the net balance measure to increase further
to plus 16.8.
(Reporting by Andrew Torchia; Editing by Louise Ireland)