In 2024, the Central Bank of the UAE achieved historic growth in all financial indicators. The total assets of the Central Bank reached about AED 896 billion, supported by the increase in net inflows to the national economy, compared to AED 721 billion in 2023.
The financial and banking sector, which is the largest in the Middle East, witnessed growth with total assets of AED 4.457 trillion at the end of November 2024, compared to AED 4.075 trillion in 2023. The ratio of net non-performing loans decreased to 2.1 percent in 2024 compared to 2.4 percent in 2023. The insurance sector also grew significantly during 2024, with gross written premiums reaching AED 64.5 billion, compared to AED 53.3 billion in 2023.
