3 trillion dirhams, the assets of 18 UAE banks at the end of June

The total assets of national banks listed on the Abu Dhabi and Dubai financial markets (18 banks) rose to about 3 trillion dirhams during the first half of 2020, an increase of 8.2% compared to Same period in 2019.

According to the Emirates News Agency, the financial statements showed an increase in the value of the deposits that they attracted during the first half of this year to 1.942 trillion dirhams, an increase of approximately 13% compared to 1.72 trillion. Dirhams in the corresponding half of the year 2019.

The value of loans to the banks covered by the monitoring increased to 1.629 trillion dirhams, an increase of 8% compared to the first half of 2019, when the value reached 1.509 trillion dirhams. / p>

The large growth figures recorded during the first half of this year reflect the large financial solvency enjoyed by national banks and the UAE banking sector in general, which pushed it to the most powerful sector At the level of the Gulf region and the Middle East according to the classifications of specialized international financial institutions.

and in detail at the level of markets, the total assets of the 11 banks listed on the Abu Dhabi Stock Exchange reached about 1.643 trillion dirhams during the first half of this year compared to 1.575 trillion dirhams. In the opposite half.

On the other hand, the total assets of 7 banks listed on the Dubai Financial Market increased from 1.069 trillion dirhams to approximately 1.347 trillion dirhams during the same comparison periods.

and First Abu Dhabi Bank came first in terms of the value of assets, which reached by the end of the first half of the year 2020 about 866 billion dirhams, accounting for 28.8% of the total assets of all National banks listed on financial markets.

Emirates NBD came in second place with assets valued at 694.3 billion dirhams in the first half of this year, accounting for 23.1%, and then came Abu Dhabi Commercial Banks 406 One billion dirhams, Dubai Islamic Bank 295 billion dirhams, Abu Dhabi Islamic Bank nearly 124 billion dirhams, then the rest of the other banks.

(Amazon fun knowledge)