2.718 trillion dirhams assets of the banking system during the first quarter

Media In – Abu Dhabi 1 May 2018 / WAM /
The total assets of the banking system in the UAE jumped to about 2.718 trillion dirhams, an increase of 25 billion dirhams and by 0.9 percent in the first quarter of this year compared to 2.693 trillion dirhams at the end of December 2017, according to the latest statistics issued by the Central Bank of UAE today.
Central bank statistics on the banking sector showed that total loans increased during the first three months of this year to 1.608 trillion dirhams, an increase of 1.8% compared to 1.580 trillion dirhams in the same period last year, a step that reflects the development of the work of the device since January to March The last two.
Domestic loans stood at 1.473 trillion dirhams at the end of March compared to 1.452 trillion dirhams in December 2017. The value of loans to the government increased from 175.4 billion dirhams to 181.1 billion dirhams in the same period of comparison, while the public sector / From AED 172.3 billion to AED 170.2 billion.
The total balance of loans to non-residents rose to 135.3 billion dirhams at the end of the first quarter of this year, a growth of 6% compared to 127.6 billion dirhams in December of 2017.
In terms of deposits, the total balance of the banking system amounted to 1.662 trillion dirhams during the first quarter of this year, an increase of 2.2% compared to 1.627 trillion dirhams in December of 2017.