Deposits of individuals residing in Emirati banks increased by 14.74 billion dirhams, to reach during the first four months of the year 2020 to 465.6 billion dirhams at the end of April, compared to 450.86 billion dirhams in December 2019.
According to the Emirates News Agency, the deposits of resident individuals accounted for 24.8% of the total deposits with the banking system in the UAE, which amounted to 1.872 trillion dirhams at the end of last April, according to Statistics issued by the Emirates Central Bank.
It is clear from the statistics that deposits of resident residents have continued to grow since the beginning of this year, unlike deposits of non-residents, which witnessed some slowdown during the period from January to April 2020. < / p>
The total balance of deposits of individuals residing with banks increased from 450.866 billion dirhams in February 2020 to approximately 454.4 billion dirhams during the month of March of the same year.
Statistics showed that deposits from this segment of customers continue to rise until the closure at the level recorded in April, according to which the total balance increased by 11.2 billion dirhams .. National banks acquired About 85% of the total deposits of individuals residing at a value of 394.7 billion dirhams at the end of April
At the level of foreign banks operating in the UAE, its balance of resident deposits increased to 70.9 billion dirhams at the end of last April, an increase of 3.6% compared to December of Year 2019.
