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$14.7bn in new 3-month deposits at UAE banks in 5 monthsUAE-based banks attracted new ‘3-month’ deposits worth over AED54 billion ($14.7 billion) during the first five months of this year, according to the latest statistics from the Central Bank of the UAE (CBUAE). More… |
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UAE banks' gross assets jump 10.8% in MayUAE banks’ gross assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287 trillion, compared to AED3.869 trillion in May 2023, according to the May figu More… |
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UAE banks' savings deposits in Q1 surges 5pc to $78bnSavings deposits in the UAE's banking sector, excluding interbank deposits, attracted about AED13.8 billion ($3.7 billion) during the first quarter, reported Wam citing data from the Central Bank of UAE (CBUAE). More… |
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UAE banks' aggregate capital, reserves hit $129.7bn in MarchThe aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion ($129.7 billion) at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). More… |
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UAE banks see further weakening of demand for credit: S&PCash flow pressures due to higher-for-longer rates could eventually weigh on corporate credit quality and further weaken demand for new credit in 2024 for UAE banks, said S&P Global Ratings. “High int More… |
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UAE banks to mobilise $272bn in sustainable funds by 2030The UAE Banks Federation has today (December 4) announced a significant initiative from the country's financial sector to collectively mobilise over AED1 trillion ($272 billion) in sustainable funding by 2030. More… |
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UAE banks to mobilise $272bn in sustainable funds by 2030The UAE Banks Federation has today (December 4) announced a significant initiative from the country's financial sector to collectively mobilise over AED1 trillion ($272 billion) in sustainable funding by 2030. More… |
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Strong operating conditions for GCC banks says reportGCC banks are benefitting from strong operating conditions supported by high oil prices, contained inflation and rising interest rates, but bank performance varies between markets, Fitch Ratings says. UAE banks’ profitability has More… |
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Positive trend in the UAE banking sector's profitability: A&MThe majority of banks in the UAE saw an increase in operating income (+3.2% QoQ) in the second quarter (Q2) on the back of moderate increase in non-interest income (+7.7% QoQ) and lower impairment charges. All More… |
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UAE banks' funding to commercial, industrial sectors up 5.6pcThe credit financing provided by the national banks in the UAE to the business and industrial sectors has increased by 5.8% as of April, thus taking the total to AED737.3 billion ($200 billion) from AED696.7 billion ($189 billion) last year. More… |
