UAE national banks' assets top AED 3 trillion

Total assets of the 22 national banks rose to AED 3.023 trillion in the first five months of 2022, up 4 per cent (AED 117.3 billion), according to the latest statistics released by the UAE Central Bank (CBUAE).

Assets of national banks accounted for 87.8 per cent of gross banking sector's assets of AED 3.442 trillion by the end of May, against 12.2 per cent for foreign banks.

Assets of the 37 foreign banks rose 2.22 per cent (AED 9.1 billion) to AED 419.4 billion by the end of May from AED 410.3 billion in May 2021.

In the first five months of the year, foreign banks' assets grew by AED 3.9 billion or 0.94 per cent.

National banks' gross assets in UAE stand at AED 3 trillion in first five months of 2022: CBUAE #WamNews https://t.co/mnOMo86uka

— WAM English (@WAMNEWS_ENG) August 7, 2022