The combined value of the total assets of the UAE banks increased by 5% in the first half of this year, to reach 2.9 trillion dirhams, compared to 2.76 trillion dirhams at the end of last year.
The total assets of Abu Dhabi banks, which number 3, grew by about 3.7% in the first six months of this year to reach 1.4 trillion dirhams, compared to 1.35 trillion dirhams at the end of December 2019. While the assets of Dubai banks grew by about 8% during the first six months of this year to reach 1.26 trillion dirhams at the end of last June, compared to 1.16 trillion dirhams at the end of December 2019.
As for the rest of the banks, namely Sharjah Islamic, Ras Al Khaimah National Bank, National Bank of Fujairah, Umm Al Quwain National, Commercial International, Ajman Bank, Investment Bank, and United Arab, they witnessed a decline in the combined value of their total assets by 6.4%, down from 252 billion dirhams at the end of the year Last, to about 236 billion dirhams at the end of the first half of this year.
On the other hand, the combined total value of the assets of Dubai and Abu Dhabi banks registered a growth rate of 6% in the first half of this year, rising to 2.66 trillion dirhams at the end of last June, compared to 2.51 trillion dirhams at the end of 2019.
Source (Al Khaleej UAE newspaper, Edited)
