U.K. mortgage approvals for house purchases increased to 58,728 in January from 55,019 in December, the Bank of England said Wednesday. The January figure was bigger than the consensus forecast of 54,000.
Total lending to individuals rose by GBP 1.8 billion in January. The annual growth rate increased by 0.1 percentage points to 1 percent. Within total lending, lending secured on dwellings rose by GBP 1.6 billion. On a yearly basis, it was up 0.8 percent.
Consumer credit increased by GBP 0.1 billion in January, while economists were expecting GBP 0.2 billion increase. The annual growth rate climbed by 0.3 percentage points to 2.3 percent.
New mortgage rules to drive UAE property boom
The new property mortgage cap by the UAE Central Bank, which came into effect this week, will deliver more stability to the property market but further measures to curb the negative impacts of specu
Local retail investors’ net buying of QR66mn lend support to the QE 20-s
UAB-Turkey firms deal
United Arab Bank, or UAB, the fastest-growing bank in the Middle East, has set up a dedicated desk to support Turkish businesses in the UAE, in a quest to become the preferred local bank for the Turk