Media ININ Economy We Trust
ABU DHABI, 10 March / WAM / Large deposits (more than 20 million dirhams) accounted for the largest volume of total deposits in the banking sector in the country, amounting to 2.222 trillion dirhams by the end of last year 2022, according to the statistics of the UAE Central Bank.
Central Bank statistics showed that deposits of more than 20 million dirhams amounted to about 1.31 trillion dirhams at the end of last December, equivalent to 59% of the total deposits of the banking sector in the country, an increase of 11.4% compared to about 1.175 trillion dirhams at the end of December 2021.
According to the statistics, deposits of more than 5 million and up to 20 million amounted to about 269.24 billion dirhams, or 12.1% of total deposits, an increase of 11% compared to 242.46 billion dirhams in December 2021.
Deposits of more than one million and up to 5 million accounted for about 13% of the total, at a value of 288.73 billion dirhams at the end of last December, an increase of 15.2%, compared to about 250.63 billion dirhams in December 2021.
The bank stated that the proceeds of deposits of more than 500 thousand and up to one million dirhams amounted to 108.5 billion dirhams, or 4.9% of total deposits at the end of last year, an increase of 13.5% compared to about 95.6 billion dirhams in December 2021.
The share of deposits reached more than 250,000 to 500,000, about 3.8%, or the equivalent of 84.26 billion dirhams, last December, compared to 87.4 billion dirhams in December 2021.
The Central Bank indicated that the share of deposits from zero to 250 thousand dirhams amounted to about 7.2% of the total deposits of the banking sector in the country, or the equivalent of 160.8 billion dirhams at the end of last December, an increase of 11.3% compared to about 144.47 billion dirhams in December 2021.
