How Online Loan Aggregators contributing to Retail Loan Penetration in UAE? – Ken Research
How Online Loan Aggregators contributing to Retail Loan Penetration in UAE? – Ken Research
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The banking industry in UAE is a highly fragmented space with a presence of ~60 national & international banks in the country. Post-2016 oil crisis, suffering from high NPAs banks in UAE tended to be more cautious when lending particularly to corporate & individuals thereby increasing rejection rates. Even now, banks generally avoid lending to ex-pats (sometimes putting additional…
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UAE Online Loan Aggregator Market Outlook: Ken Research
UAE Online Loan Aggregator Market Outlook: Ken Research
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Socio-Economic Outlook Of UAE
With a population of 9.68 Mn as of 2019, ~70% of the borrowing population belongs to the age group of 30-50 years. A major proportion of the population resides in urban areas including Dubai, Abu Dhabi & Sharjah thereby driving the demand for financial products in the country.
High Job opportunities attract the ex-pat population to the UAE. >80% population is…
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