24 Hrs
Source:
Sharjah24
Emirati banks' fundamentals rise in May
The Central Bank of the UAE's report showed that the assets of Emirati banks continued to grow in May 2026, surpassing 5.6 trillion dirhams, an increase of 1.1% compared to the previous month. Total banking credit also rose by approximately 12.3 billion dirhams, or 0.5%, reaching around 2.733 trillion dirhams, with credit to the private sector—particularly companies and individuals—growing by 4.6 billion dirhams for each. This growth was driven by an increase in local credit, while foreign credit saw a slight decline. All major sectors contributed positively to the overall improvement.
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