The assets of UAE banks reached AED 570 billion at the end of 2018, distributed across several Arab and foreign markets. The Egyptian market dominated the UAE's assets by AED 51.3 billion, according to the data released by the Central Bank of Egypt.
The British market came second with a share of AED 46.1 billion, followed by the United States with 39.1 billion dirhams, then Saudi Arabia with 39 billion dirhams at the end of December 2018. The Cayman Islands came in at 37 billion dirhams, followed by the Turkish market with 25 billion dirhams, followed by India with 22 billion dirhams followed by the Sultanate of Oman to about 21 billion dirhams then came Bahrain with a share of about 19 billion dirhams.
According to the Central Bank, the ratio of liquid assets to total assets stood at 17.4% at the end of 2018, which is much higher than the required ratio of 10%. The liquid assets of banks in the UAE reached AED 407.6 billion at the end of December 2018 and increased by AED 35.4 billion in the last quarter of last year.
Source: (Al-Ittihad newspaper – UAE, Edited)
