The assets of UAE banks rise by a quarter of a trillion dirhams in the year of domestic credit rises by 89 billion dirhams in 12 months

The increase in the total assets of banks in the UAE in a year exceeded about a quarter of a trillion dirhams, recording about 257 billion dirhams, to reach 3.49 trillion dirhams at the end of July 2022, compared to 3.23 trillion dirhams at the end of July 2021, while assets increased during 7 months by about 169 billion dirhams, and 41 .2 billion dirhams in a month.

Bank deposits rose to close to a quarter of a trillion dirhams, after rising by about 217.8 billion dirhams, by the end of July 2022, to reach 2.13 trillion dirhams, compared to July 2021, according to the data of banking indicators issued by the Central Bank.