UAE Central Bank statistics showed that the total assets of conventional banks operating in the UAE increased by AED 1 billion per day during the 12 months ending in March 2023 to reach AED 3.115 trillion at the end of last March. An increase on an annual basis of 14.1 percent compared to about AED 2.73 trillion in March 2022, an increase of AED 385 billion.
Conventional banks accounted for about 82.7 percent of the total assets of the banking system in the country at the end of March, amounting to 3.765 trillion dirhams, compared to the share of Islamic banks of 17.3 percent.
Source (Alkhaleej Emirati Newspaper, Edited)
