Emirates central bank monitoring property price growth
Central bank says financial system is 'resilient' but 'vulnerabilities exist'
The United Arab Emirates's (UAE) credit cycle "passed its lowest point and credit growth was in line with GDP growth" in 2013, according to the central bank's annual financial stability report, published this weekend.
"A systemic risk assessment of the banking system, whether looking at the absolute level of loan-to-GDP ratio, the credit-to-GDP ratio gap or at the liquidity levels, demonstrated the strong resilience of the system," according to the bank.
But the report also notes that
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