470 billion dirhams in capital and reserves of UAE banks at the end of October

2023-12-25 22:07:24

The total capital and reserves of banks operating in the country increased on an annual basis by regarding 52.4 billion dirhams, or 12.6%, to reach 469.9 billion dirhams at the end of last October, compared to regarding 417.5 billion dirhams at the end of October 2022.

The Central Bank stated in its monthly report that bank capital and reserves increased during the first 10 months of this year by regarding 9.6%, or the equivalent of 41.3 billion dirhams, compared to 428.6 billion dirhams at the end of December last year, while it grew on a monthly basis by 1.14% compared to 464.6 billion dirhams. AED last September.

He explained that banks’ capital and reserves do not include loans and “secondary deposits,” but they do include profits for the current year.

According to the Central Bank, national banks acquired regarding 86.3% of the total capital and reserves of banks operating in the country, with their value reaching 405.5 billion dirhams at the end of last October, an increase on an annual basis of 12.64%, compared to regarding 360 billion dirhams in October 2022.

The share of foreign banks reached 13.7% of the total capital and reserves of banks operating in the country, with their value reaching 64.4 billion dirhams at the end of last October, an increase on an annual basis of regarding 12% compared to regarding 57.5 billion dirhams in October 2022.

The Central Bank indicated that the capital and reserves of banks in the Emirate of Dubai reached 229.5 billion dirhams at the end of last October, with an annual growth of 15%, while the capital and reserves of banks in the Emirate of Abu Dhabi reached regarding 205 billion dirhams, an annual increase of 10.1%, and the capital and reserves of banks in the Emirates reached The other amounted to regarding 35.4 billion dirhams, an annual increase of 11.7%.

The capital and reserves of conventional banks in the country recorded regarding 393.5 billion dirhams at the end of last October, an increase on an annual basis of 12.9%, while the capital and reserves of Islamic banks amounted to regarding 76.4 billion dirhams, an increase on an annual basis of regarding 10.9%.

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