The total assets of banks in the UAE increased during a year by about a quarter of a trillion dirhams, recording about 257 billion dirhams, to reach 3.49 trillion dirhams at the end of July 2022, compared with 3.23 trillion dirhams at the end of July 2021, while assets increased during 7 months by about 169 billion dirhams and 41.2 billion dirhams in a month.
Bank deposits rose to approach a quarter of a trillion dirhams, after rising by about 217.8 billion dirhams, at the end of July 2022, to reach 2.13 trillion dirhams, compared to July 2021.
According to the data of banking indicators issued by the Central Bank, bank deposits increased from the beginning of this year until the end of July by 136.4 billion dirhams, while they rose by 41 billion in July.
The bulk of the new deposits came during a whole year, from residents' deposits by about 192.5 billion dirhams during the period between July 2021 and July 202, while they rose by 111 billion dirhams from the beginning of the year until the end of July 2022, and 33.1 billion dirhams during July alone. The private sector accounted for the bulk of new residents' deposits, by about 125.6 billion dirhams, during a year. While government deposits rose during the year by 70.6 billion dirhams, while they rose during July alone by 44.8 billion dirhams.
Source (Emirati Gulf Newspaper, Edited)
