24 Hrs
Source:
الاتحاد
Bank assets to reach 5.593T AED by mid-2026
Data from the Central Bank of the UAE showed that total banking assets reached 5.593 trillion dirhams at the end of June 2026, with foreign assets increasing by 3.8% to 931.4 billion dirhams. Bank reserves rose by 16.9% to 245.4 billion dirhams. Commercial bank deposits experienced a monthly increase of 0.3%, reaching 3.472 trillion dirhams, driven by a 0.7% growth in private sector deposits and a 2.2% increase in government sector deposits. The growth of monetary aggregates (M1, M2, M3) continued, supported by an increase in deposits linked to government entities. The monetary base stood at 783.5 billion dirhams. The number of banks in the country remained steady at 24 banks, reflecting ongoing development in the banking sector.
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