Abu Dhabi and Dubai banks gain 151B AED in H1
The banking sector in the UAE experienced significant growth in bank deposits and lending during the first half of 2026. Abu Dhabi and Dubai banks together attracted approximately 151 billion dirhams in new deposits, and the total credit extended increased by about 171 billion dirhams. Data shows that Dubai banks' deposits rose by 65 billion dirhams (4.2%) to reach 1.613 trillion dirhams, while Abu Dhabi deposits increased by 86 billion dirhams (5.8%) to reach 1.561 trillion dirhams. On a monthly basis, Dubai deposits decreased by 6 billion dirhams in June, whereas Abu Dhabi deposits grew by 18 billion dirhams. In terms of lending, credit extended by Dubai banks increased by 96 billion dirhams (8.3%) to reach 1.244 trillion dirhams, and Abu Dhabi's credit rose by 75 billion dirhams (6.2%) to reach 1.273 trillion dirhams. These figures indicate the continued growth of financing and deposits in the UAE banking sector, with a slight edge in total deposits for Abu Dhabi during the first six months of 2026.
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