UAE banks achieved 7.5% growth in the value of the transfers executed between them during the first quarter of 2019.
According to Emirates Central Bank statistics, the value of transfers between banks reached 2.58 trillion dirhams, through the Emirates Financial Transfers UEFTS system, compared to With 2.4 trillion dirhams in the first quarter of 2018.
The value of interbank transfers during the first quarter amounted to 1.765 trillion dirhams, while the value of individual transfers reached 815 billion dirhams.
The value of inter-bank transfers in January 2019 rose to 906.4 billion dirhams, and reached 778.1 billion dirhams in February and 909 billion dirhams in March of the same year. p>
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