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الشارقة 24
UAE banking assets hit 5.669 trillion dirhams
Banking assets in the UAE rose to 5.669 trillion dirhams by the end of July 2026, marking a monthly increase of 1.3%. Bank credit also continued its growth, reaching 2.798 trillion dirhams, up by 41.2 billion dirhams (1.5%) for the month. The rise in local credit, which increased by 1.4% to 2.206 trillion dirhams, was supported by a 2.3% increase in personal borrowing and a 1.1% rise in corporate borrowing. Bank deposits also grew by 1.1% to reach 3.51 trillion dirhams, driven by increases in both resident and non-resident deposits. This growth reflects the recovery of the UAE banking sector and confirms the ongoing improvement in liquidity and financing in recent months.
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