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English to Arabic translations [PRO]
Bus/Financial - Finance (general) / Banking, | | English term or phrase: credit offtake | | the sentence was :"Investments by commercial banks have gone up leaps and bounds in the first four fortnights in the current fiscal, thanks to tardy credit offtake that continues to plague the banking industry" |
| | | الاقتراض | Explanation:
The growth of banking industry is closely interlinked with the growth in the economy. Slowdown in economy in the past few years meant lower credit offtake. With lower demand for credit, banks had no option but to invest in low yielding Government securities (G-sec). However with the recent recovery in economy the credit offtake is likey to pick-up and pick-up in credit offtake means deploying funds to the commercial sector and earning a higher return than G-sec. Recovery in the select sectors, like steel, textile and capital goods which have high credit consumption, has lead to pick-up in credit offtake. This clearly means a good topline growth for the banks. |
| Selected response from:
  ahmadwadan.com
Kuwait
Local time: 07:20
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