2024-06-15 22:01:52
Giant deposits (over AED 20 million) account for the biggest quantity of complete deposits within the nation’s banking trade, reaching AED 2.657 trillion as of the top of 2023.
Statistics from the UAE Central Financial institution present that as of the top of March final 12 months, deposits price greater than 20 million dirhams had been valued at 1.53 trillion dirhams, accounting for 57.8% of the nation’s complete banking trade deposits. In contrast with the earlier 12 months, the expansion charge was 14.7%. elevated by %.
Deposits above Dh1 million to Dh5 million accounted for regarding 13.3% of complete deposits and had been price Dh353.1 billion as of the top of March, up 15.6% from roughly Dh305.5 billion in March 2023.
Complete deposits between AED 500,000 and AED 1 million had been recorded at AED 135.17 billion, accounting for five.1% of complete deposits on the finish of March final 12 months, a rise of 16.3% from AED 116.3 billion in March 2023. Deposits accounted for greater than 25% of the entire deposits on the finish of March final 12 months. AED 10,000 to AED 500,000 reached roughly 4.03%, equal to AED 107.14 billion, a rise of 17.8% in contrast with roughly AED 90.9 billion in March 2023.
The proportion of deposits between zero and Dh250,000 represents regarding 7.4% of complete deposits within the nation’s banking sector, which stood at Dh197.6 billion on the finish of March final 12 months, a rise of 16% from regarding Dh170.4 billion in March 2023.
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