19 Hrs
Source:
Lebanese Forces
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UAE Banks' Lending Surges Assets Over 5.6T Drh
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Total assets of UAE banks rose to 5.669 trillion dirhams (1.544 trillion USD) by the end of July 2026, marking a 1.3% increase in just one month. This reflects the health of the economy and growing confidence among borrowers. The amount of loans granted to individuals, businesses, and the government exceeded 2.798 trillion dirhams (761.9 billion USD), with personal loans increasing by 2.3% over the month, making them the most significant component of growth. Additionally, foreign deposits in banks rose by 6.8% to reach 311.4 billion dirhams (84.8 billion USD), and the Central Bank’s reserves increased to 939.5 billion dirhams. Banking transactions totaled 16.9 trillion dirhams during the first seven months of 2026, indicating strong activity within the financial system.
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