The UAE Central Bank data showed that the assets of banks operating in the country increased by 5.1% at the end of last March, on an annual basis.
The assets of banks in the UAE at the end of last March amounted to about 3.34 trillion dirhams, compared to 3.18 trillion dirhams in the same month of 2021.
The Central Bank's statistic revealed an increase in bank deposits during the comparison periods by 6.6%, reaching by the end of last March to 2.006 trillion dirhams, compared to the same period last year, while they rose by the value of 18 billion dirhams compared to the previous month.
Total credit rose to about 1.832 trillion dirhams at the end of last March, by 4.4% compared to the same period in 2021, and rose by 1.2% compared to February of this year .
