Emirati bank assets reach 5.74T AED
The financial assets of Emirati banks continued to grow, reaching 5.74 trillion dirhams by the end of August 2026, representing a 1.3% increase during the month. This expansion was driven by strong growth in credit granted to individuals and companies, with total credit rising by 2.6% to reach 2.87 trillion dirhams. Personal loans led the growth with a rate of 5.6%, while financing provided to businesses increased by 2.4%. Private sector deposits also grew by 0.7%, amounting to 2.36 trillion dirhams, alongside a 3.5% increase in government deposits. Additionally, the money supply and monetary base experienced significant increases. Money transfers during the first eight months of 2026 totaled approximately 19.14 trillion dirhams, with active activity in the clearing and check systems.
Notice: This Is an AI-Generated Summary
Comments (0)