3.5 trillion dirhams, the assets of 18 national banks listed by the end of 2022, with a growth of 32%

Abu Dhabi, March 20: The assets / assets / of national banks listed in the local financial markets increased on an annual basis by 32%, or the equivalent of 315 billion dirhams, during the past year 2022, in an indication of their strong financial solvency and ability to expand their activities and operational operations.
According to the monitoring of the Emirates News Agency, WAM, based on the disclosures of 18 national banks listed on financial market websites, the assets of banks reached 3 trillion and 494 billion and 155 million dirhams by the end of 2022, compared to about 3 trillion and 179 billion and 55 million dirhams during the year 2021.
And 11 banks listed on the Abu Dhabi Securities Market acquired the largest share of total assets, by 58.6%, to reach 2 trillion and 49 billion and 310 million dirhams at the end of 2022, an increase of 12%, compared to 1 trillion and 931 billion and 155 million dirhams at the end of 2021. This means an increase of 218.2 billion dirhams in 12 months.
And 7 banks listed on the Dubai Financial Market acquired 41.3% of total assets, reaching one trillion and 444 billion and 846 million dirhams at the end of last year, with a growth of 7.2%, compared to about one trillion and 347 billion and 901 million dirhams at the end of 2021, which means an increase of about 96.9 billion dirhams within 12 months.
“First Abu Dhabi” came to the fore, with its assets increasing by 11% from 1.001 trillion dirhams at the end of 2021 to 1.11 trillion dirhams at the end of 2022, which highlights the strong growth of the group and the strength of its core business, in addition to the achievements that are in line with its medium-term strategy.
The assets of Emirates NBD increased by 8%, from 687.4 billion dirhams to 742 billion dirhams at the end of last year, while the assets of Abu Dhabi Commercial Bank increased by 13%, from 440.2 billion dirhams to 497.8 billion dirhams by the end of 2022.
The assets of “Dubai Islamic” grew by 3.3%, from 279.1 billion dirhams in 2021 to 288.2 billion dirhams in 2022, while the assets of “Mashreq Bank” increased to 198.8 billion dirhams at the end of last year, an increase of 12.3% compared to 177.05 billion dirhams in 2021.
The assets of Abu Dhabi Islamic Bank increased by 23.1% from 136.8 billion dirhams to 168.5 billion dirhams, and the assets of Commercial Dubai increased by 1.6% from 114.2 billion dirhams to 116.07 billion dirhams, and the assets of Emirates Islamic jumped by 15.2% to 74.7 billion. dirhams.
The assets of the “National Bank of Ras al-Khaimah” increased by 15.5% to 66.5 billion dirhams at the end of 2022, compared to 57.5 billion dirhams at the end of 2021, and the assets of “Sharjah Islamic” increased by 7.6% to 59.1 billion dirhams, and the assets of “National Fujairah” increased 11% to 47.6 billion. dirhams, and the assets of “Bank of Sharjah” grew 9.7% to 41.9 billion dirhams.
The assets of the “Commercial International Bank” amounted to 21.16 billion dirhams, “Ajman Bank” to 21.1 billion dirhams, “United Arab Bank” to 14.1 billion dirhams, “National Bank of Umm Al Quwain” to 13.6 billion dirhams, and “Investment Bank” to 8.81 billion dirhams. and Emirates Investment Bank, to 3.88 billion dirhams.