The total foreign assets of Emirati banks reached 791.6 billion dirhams, representing 25.3% of the total balance of banks, which amounted to 3.128 trillion dirhams at the end of the first quarter of the year 2020. According to the Emirates News Agency, statistics issued by the Emirates Central Bank showed that foreign assets with the banking system in the country recorded a growth of 2.6% and an increase of 20.5 billion dirhams during the month March of this year compared to its balance of approximately 771.1 billion dirhams in December of 2019. The continuous growth of the UAE’s banking system’s balance of foreign assets reflects the strength of its financial solvency, which prompted it to release the list of the most powerful banks in the Gulf and East region East according to the rankings of the major specialized international financial institutions. It is clear from the tracking of the movement of the foreign assets balance index in the Emirates banks, the continuation of its rise during the last period and in a manner that strengthened the banking system and strengthened its attractiveness. The balance of foreign assets of banks in the UAE reached 691 billion dirhams in the first quarter of 2019 and then rose to the level of approximately 726.1 billion dirhams in the second quarter of the year and continued The rise to 754.3 billion dirhams in the third quarter until it stabilized at 771.1 billion dirhams at the end of the fourth quarter of last year. With the beginning of January of the year 2020, the balance of foreign assets with the banking system increased to 789.8 billion dirhams and continued the rise in February until it reached 795.3 billion dirhams before returning It stabilizes in March of the same year at 791.6 billion dirhams.
