The total assets of UAE banks increased by 1% during the month of April of the year 2020 to reach 2.751 trillion dirhams, an increase of 22 billion dirhams, compared to March of the same year.
According to Emirates News Agency, the statistics of the Emirates Central Bank showed that national banks acquired 87.2% of the total assets of the banking system in the country, which amounted to approximately 3.156 trillion dirhams, in When the value of the assets of foreign banks reached 405 billion dirhams at the end of April 2020.
On the annual level, the assets of national banks increased by 2.3% at the annual level and by 180 billion dirhams in January of this year compared to the same month in 2019 .
It is clear from the central bank data that the total cumulative balance of loans with national banks amounted to 1.579.5 trillion dirhams at the end of last April, an increase of about 5 billion dirhams, compared to With the month of March of the same year.
As for the lending activity of foreign banks, the value of the cumulative balance at the end of last May amounted to approximately 196.6 billion dirhams, or 11% of the total loan balance of the banking system. In the UAE.
At the level of deposits, the balance of national banks increased from deposits to 1.651 trillion dirhams, constituting 88.2% of the total deposits with the banking system at the end of last April, in When the value of deposits of foreign banks reached 221 billion dirhams, or 11.8% of the total balance of deposits in the banking system in general.
