2023-12-21 16:16:46
Abu Dhabi | According to the latest figures released by the UAE Central Bank yesterday, the assets of the country’s banking sector set a new record. The report states that the assets are close to four trillion dirhams. The UAE banking sector ranks first in the Arab and Gulf countries.
According to the report, banks in the UAE have high levels of liquidity, high ratings, high-quality assets, and issuance of acceptable bonds, which place them at the forefront of banks in the region and have a high level of global reputation.
Banking assets totaled Dh3.995 trillion at the end of last October. 3.952 trillion dirhams at the end of September, a month-on-month growth of 1.1 percent.
Total bank deposits also increased by 1.4 percent last October. The central bank attributed the growth in bank deposits to a 0.9 percent increase in resident deposits and a 7.4 percent increase in non-resident deposits.
The report also stated that the foreign assets of the central bank are approaching 600 billion dirhams
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