Lower oil prices resulted in weaker deposits for most banks in the United Arab Emirates, which led the banks to focus more on consolidation rather than growth. Chasing for stability, banks adopted a more passive and careful approach in consumer lending. More banks reported data to the Al Etihad Credit Bureau and use the reports to check the credit history of loan applicants as part of the risk management process. This resulted in more rejections of loan applications in 2016.
Euromonitor International's Consumer Lending in United Arab Emirates report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
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