Key takeaways: i) loan growth slows to 6.7% Y-o-Y; ii) credit survey suggests softening of credit appetite in retail in 2Q16; and iii) deposit growth moderates to 3.4% Y-o-Y   Loan growth slows: Gross loan growth slowed to 6.7% Y-o-Y in June from 7.6% Y-o-Y in March. On a Q-o-Q basis, loan growth slowed to 1.7% in 2Q16 from 2.1% in 1Q16.   2Q16 credit survey suggests loan demand weakened in personal segment: The UAE’s Credit Sentiment Survey shows that demand for business credit (corporate and SMEs) was slightly stronger in 2Q16 relative to 1Q16. However, by emirate growth weakened in Dubai and by sector it slowed for GREs. Growth in the personal loan segment softened in 2Q16 versus 1Q16. The slow-down in the personal segment was most evident in car loans and non-housing investment categories.   Deposit growth moderates: Deposit growth slowed to 3.4% Y-o-Y in June from 3.7% Y-o-Y in March. Sector’s deposits were up 1.5% YTD and broadly flat since March. Government deposits however are up 18.2% YTD and 18.7% Q-o-Q in June. (Shabbir Malik, Murad Ansari)