The size of the total credit portfolio of banks in the UAE, provided to small and medium-sized businesses, has reached 81.2 billion dirhams.
In recent months, banks in the UAE have increased the volume of provided loan funds to support small and medium-sized companies. For instance, one of the representatives of a bank reported a constant increase in demand for loans among businesses, which indicates a positive dynamic in this segment of the market.
Representatives of financial institutions emphasize that supporting the small and medium business sector remains one of the priorities for banks in the UAE. They actively cooperate with businesses, providing financial assistance and various financial tools for their development.
Particular attention is being paid to startups and innovative projects, as their development contributes to diversifying the economy and strengthening its competitiveness. The growth of the credit portfolio for small and medium-sized businesses reflects the banks' commitment to facilitating the development of entrepreneurship and the economy as a whole.
