(MENAFN) The Central Bank of the UAE took precaution regulations to restrain UAE banks loans granted to mortgages which led to a decrease of DH4 billion in mortgages in the first quarter of this year, reported Emirates 24/7.
Noting that the given credit to the UAE mortgage records the biggest withdraw by the end of March of this year compared to the last three years, with a loss of Dh3.9 billion, as reported by the Central Bank.
It's worth mentioning that the Central Bank has announced earlier in 2012 its limitation to provided loans to the 51 banks based in Emirates, which resulted in a revival in the in the mortgage credit.
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