2023-06-23 22:05:30
The total capital and reserves of banks operating in the country increased on an annual basis by regarding 39.4 billion dirhams, or 10%, to reach 435.3 billion dirhams at the end of last April, compared to regarding 395.9 billion dirhams at the end of April 2022.
The Central Bank of the Emirates stated in its monthly report that the capital and reserves of banks increased during the first four months of this year by regarding 1.6%, or the equivalent of 6.7 billion dirhams, compared to 428.6 billion dirhams at the end of December last year, while it increased on a monthly basis by 1.1% compared to 430.7 billion dirhams. billion dirhams last March.
The Central Bank stated that the capital and reserves of banks do not include loans / secondary deposits, but they include profits for the current year.
According to the Central Bank, national banks acquired regarding 86.4% of the total capital and reserves of banks operating in the country, with a value of 376.1 billion dirhams at the end of last April, an annual increase of 10.1% compared to regarding 341.5 billion dirhams in April 2022.
The share of foreign banks reached 13.6% of the total capital and reserves of banks operating in the country, with a value of 59.2 billion dirhams at the end of last April, an annual increase of 8.8% compared to 54.4 billion dirhams in April 2022.
And the Central Bank indicated that the capital and reserves of the banks of the Emirate of Dubai reached 210.3 billion dirhams at the end of last April, with an annual growth of 11.4%, while the capital and reserves of banks in the Emirate of Abu Dhabi amounted to regarding 192.3 billion dirhams, an annual increase of 9.9%, and the capital and reserves of banks in other emirates reached regarding 32.7 billion dirhams. an annual increase of 1.6%.
The capital and reserves of conventional banks in the country amounted to regarding 364.5 billion dirhams at the end of last April, an increase on an annual basis of 10.1%, while the capital and reserves of Islamic banks amounted to regarding 70.8 billion dirhams, an increase on an annual basis of regarding 9.3%.
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