2023 family credit in UAE banking sector reaches $115B, 38% of Arab private sector credit; Algeria growth 12.8%.

In 2023, family credit in the UAE's banking sector reached approximately $115 billion, while Saudi Arabia recorded around $331.6 billion. Algeria's banking sector noted a significant growth rate of 12.8%. Overall, family credit across Arab countries constituted 38% of total private sector credit, up from 37.1% in 2022. The total assets of the Arab banking sector grew to $4.574 trillion, with the UAE holding the largest share at 24.3%.

October 06, 2024
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