The newest statistics issued by the Central Financial institution of the UAE (CBUAE) confirmed the gross belongings of typical banks working within the nation reached AED3.047 trillion by the top of January 2023, an annual enhance of 12.8 %, in comparison with almost AED2.7 trillion in January 2022.
The Central Financial institution’s statistics indicated that typical banks within the UAE accounted for almost 83.1 % of the overall belongings within the banking sector by the top of January 2023, which amounted to AED3.668 trillion, whereas Islamic banks accounted for 16.9 %.
The entire credit score of typical banks was AED1.477 trillion on the finish of January 2023, an annual enhance of 4.3 %, whereas deposits in typical banks elevated to AED1.799 trillion on the finish of January 2023, an annual enhance of 15.2 %.
Additionally, whole typical financial institution investments recorded an annual enhance of 12.9 % to AED430.2 billion by the top of January 2023.
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