operation of the company in a significant manner, whether as a result of being a shareholder or authorized under an agreement or any other matter, especially a person falling under any of the following
, commercial bank loan continued to increase in line with the economic growth. Consumer loan expanded well, particularly mortgage lending with growth accelerated before the loan to value (LTV) measure become
, especially in the export sector. Additionally, the unemployment rate improved slightly to 0.92 percent in the first quarter in 2019, compared to 0.93 percent in previous quarter. Moreover, a drop in inflation
corporates, particularly in the telecommunications sector, as well as from small and medium sized businesses for fixed investment and working capital purposes. There was a notable decrease in demand for
accelerated to grow. Regarding domestic demand, private consumption slowed down as a declining household income and employments, particularly in export-related manufacturing sectors. According to the slowdown
sector on export competitiveness. However, the tourism sector continued to expand mainly thanks to an increase in the number of tourists of most nationalities; especially tourists from China, India, and
and with the strategy to grow its business via M&A, short-term debts, i.e. collateral-free bridging loans, are designated sources of funds, particularly in acquiring lands and assets. Post acquisition