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UAE bank transfers reach 16.9T AED in 7 months

UAE bank transfers reach 16.9T AED in 7 months

Banks in the UAE conducted total financial transfers amounting to 16.9 trillion dirhams during the seven months of 2026, representing a 24.4% increase compared to the same period in 2025. These transfers are distributed between 10.45 trillion dirhams between banks and 6.45 trillion dirhams between clients. Additionally, cheque clearing revenues reached 780 billion dirhams, with 12.76 million cheques cashed. In July, the total value of transfers was approximately 2.53 trillion dirhams, a decrease from June's figure of 2.87 trillion dirhams.

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