Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Bahrain All Share Index, Islamic Index close lower
- Qatar Free Zones, Russia's BIOCAD sign MoU on biotech activities in Qatar
- Gold price in Qatari market rises by 3.18% this week
- MSX Index closes higher at 4,305 Points
- Dollar rises from seven-month low
- Oman signs deal for world's first liquid hydrogen corridor to Europe
- Gulf Bank shortens working hours to support employee wellbeing and work-life balance
- Zain launches 'Bede' Fintech Platform in Sudan
- ECB cuts rates as Trump tariffs raise fears for eurozone growth
- Dubai gold price eases after record high - More drops ahead?
10/04/2025 11:55 AST
Dubai-based banks have cemented their position as major players in the UAE's banking sector, holding 46 per cent of the country's total bank deposits, which reached a cumulative balance of Dh1.308 trillion as of January 31, 2025. This reflects a robust annual growth of 13.1 per cent compared to the same period last year, according to the latest figures released by the Central Bank of the UAE.
The data also revealed that total assets of Dubai banks stood at Dh2.025 trillion by the end of January 2025, marking an 11.3 per cent year-on-year increase. The sector's growing appeal was further demonstrated by a rise in investment balances, which climbed to Dh287 billion - up 11.8per cent from January 2024.
Credit facilities granted by Dubai banks also recorded healthy growth, increasing by 6.1per cent year-on-year to Dh963.5 billion.
Meanwhile, Abu Dhabi banks reported total assets of Dh2.175 trillion, with deposit balances reaching Dh1.294 trillion. Investments made by Abu Dhabi banks climbed to Dh389 billion, highlighting continued confidence in the market.
Other banks across the UAE held a combined asset base of over Dh362 billion, with deposits amounting to Dh238 billion. Credit balances among these banks reached Dh191 billion, while total investments stood at Dh 67 billion as of the end of January 2025.
These figures underscore the strong momentum of the UAE's banking sector, driven by rising deposits, sustained credit activity, and expanding investment portfolios.
Arab News
| Ticker | Price | Volume |
|---|
18/04/2025
Qatar Free Zones Authority and BIOCAD ,one of Russia's leading biotechnology companies, today signed a landmark Memorandum of Understanding, paving the way for the establishment of biotechnology and
The Peninsula
18/04/2025
As part of the state visit of His Majesty Sultan Haitham bin Tarik to the Netherlands, Oman signed a historic Joint Development Agreement (JDA) to establish the world's first commercial-scale liquid
Muscat Daily
18/04/2025
Rents in some Dubai communities have declined. Overall, however, rents are increasing at a slower pace.
Real estate industry executives say that the era of double-digit rent increases is beh
Khaleej Times
17/04/2025
Saudi banks could unlock additional funding and expand the Kingdom's debt market by converting home loans into investment products, according to a recent report by Fitch Ratings.
The rising
Arab News
17/04/2025
Saudi Arabia and Indonesia have signed a series of memoranda of understanding aimed at enhancing bilateral trade and expanding cooperation in the mining sector.
As part of an official visit
Arab News
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia