The total assets of 10 UAE banks jumped to 2.681 trillion dirhams at the end of the first nine months of this year, an increase of 11.4% compared to the same period of 2019.
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According to Emirates News Agency, the list of banks that have disclosed their financial data so far included First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates NBD Bank, Dubai Bank Islamic, Ras Al Khaimah National, Fujairah National, Sharjah Islamic, Dubai Commercial, Umm Al Quwain National, Emirates Islamic.
The financial statements of the 10 banks show that the recorded growth in assets was accompanied by a significant improvement also in the rest of the indicators, including the deposits index, whose total value rose to 1.74 trillion dirhams. At the end of September of this year, an increase of 10.7% compared to 1.572 trillion dirhams in September of 2019.
As for the level of credit facilities for the same banks, they grew by 5%, rising to 1.47 trillion dirhams at the end of September of this year compared to 1.4 trillion dirhams in the same month of last year. Year 2019.
and First Abu Dhabi Bank still tops the list of the largest banks in terms of assets value, which reached 955 billion dirhams at the end of September of this year, followed by Emirates NBD 692 billion Approximately one dirham, then Abu Dhabi Commercial Bank 409 billion dirhams, Dubai Islamic 299 billion dirhams, and the rest of the amount is distributed to other banks.
Also, First Abu Dhabi Bank came first in terms of the value of deposits, which reached 602 billion dirhams, as well as loans 389 billion dirhams, while for Emirates NBD 458 One billion dirhams and 442 billion dirhams, respectively, in the same balances
