{"id":25473,"date":"2020-10-05T22:41:40","date_gmt":"2020-10-05T18:41:40","guid":{"rendered":"https:\/\/www.uaebarq.ae\/en\/?p=25473"},"modified":"2020-10-05T22:41:40","modified_gmt":"2020-10-05T18:41:40","slug":"auto-loans-down-7-6-pct-in-2019-as-consumers-tend-to-optimise-spending","status":"publish","type":"post","link":"https:\/\/www.uaebarq.ae\/en\/2020\/10\/05\/auto-loans-down-7-6-pct-in-2019-as-consumers-tend-to-optimise-spending\/","title":{"rendered":"Auto loans down 7.6 pct in 2019, as consumers tend to optimise spending"},"content":{"rendered":"\n<p>Auto loans declined by 7.6 percent while property financing increased 2.9 percent during 2019, according to the statistics of the Central Bank of the United Arab Emirates.<\/p>\n\n\n\n<p>The apex bank&#8217;s figures indicated a drop of 2.3 pct in retail loans allocated to households in a sign reflective of an increased tendency toward spend optimization among individuals.<\/p>\n\n\n\n<p>Standing at AED333 bn, retail loans by residents accounted for around 20 percent of total banking lending in 2019, or around 30 percent of the non-oil GDP.<\/p>\n\n\n\n<p>In the meantime, the CBUAE&#8217;s Financial Report show residents&#8217; deposits outweighed their loan balance in UAE banks, increasing 8 percent to AED452 bn, while non-resident deposits declined 1.3 percent to AED25 bn in the reference year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Auto loans declined by 7.6 percent while property financing increased 2.9 percent during 2019, according to the statistics of the Central Bank of the United Arab Emirates. The apex bank&#8217;s figures indicated a drop of 2.3 pct in retail loans allocated to households in a sign reflective of an increased tendency toward spend optimization among &hellip;<\/p>\n","protected":false},"author":2,"featured_media":25474,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-25473","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-economy","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/25473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=25473"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/25473\/revisions"}],"predecessor-version":[{"id":25475,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/25473\/revisions\/25475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/25474"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=25473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=25473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=25473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}