Banks' assets rise 1.3% to 5.6T AED
Bank assets in the UAE increased by 1.3%, reaching 5.669 trillion dirhams by the end of July 2026. Credit grew by 1.5% to reach 2.798 trillion dirhams, while total deposits remained stable at 3.509 trillion dirhams, reflecting a 1.1% increase. The growth in credit was driven by an increase in local credit issuance, rising by 1.4%, particularly in lending to the private sector. Specifically, credit to individuals increased by 2.3%, and to companies by 1.1%. Additionally, bank deposits rose by 1.1%, with increases in both resident and non-resident deposits. The broad money supply (N1, N2, N3) grew by between 0.4% and 0.9%. Overall, this indicates a continued recovery in banking activity and economic growth in the UAE.
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