The total assets of banks operating in the emirates of Abu Dhabi and Dubai amounted to 2.897 trillion dirhams at the end of April 2020.
According to the Emirates News Agency, the banks of the two Emirates acquired 92% of the total assets of the banking system in the UAE, which amounted to approximately 3.156 trillion dirhams .. And the rest of the assets were recorded. For the benefit of banks in other Emirates.
The assets were distributed by 1.489.2 trillion dirhams to banks in the Emirate of Dubai, about 1.407.5 trillion dirhams to banks in Abu Dhabi and 259 billion dirhams to banks in Sharjah and Ras al-Khaimah, Ajman, Fujairah and Umm al-Quwain, according to the latest statistics released by the Emirates Central Bank today and allocated to review the most important indicators of banks during the month of April, according to the emirate that operates from them.
At the level of loans, the total accumulated balance of banks in Dubai reached 885.6 billion dirhams at the end of April of this year compared to 880.5 billion dirhams in March of the same year. While the balance of bank loans in Abu Dhabi increased from 724.3 billion dirhams to 726.3 billion dirhams during the same comparison period.
At the level of deposits, the cumulative balance of deposits for banks in Dubai reached 869.8 billion dirhams in April 2020 compared to 874.9 billion dirhams in March of the same year. The balance of deposits increased In banks in Abu Dhabi from 808.1 billion dirhams to 837.5 billion dirhams during the same monitoring period.
As for the investment clause, the cumulative balance of bank investments in Dubai increased to 150.4 billion dirhams during April of this year compared to 142.8 billion dirhams in the previous March, while The balance of investments in banks in Abu Dhabi increased from 208.1 billion dirhams to 215.4 billion dirhams during the same comparison period.
