Media ININ Economy We Trust
Media In – Abu Dhabi 8 July 2018 WAM
/ National savings account balances increased to AED 115.3 billion during the first five months of this year, an increase of 4.3% to AED 4.8 billion compared to December 2017. The steady growth in the balance of savings accounts with UAE banks reflects a clear indication of the increasing pace of savings behavior among citizens and residents in return for a decline in consumer behavior, which is positive according to the data of economic analysis. Through the monitoring of the movement of the index of savings behavior of individuals during the past months continued to increase savings accounts of national banks, the value of increase during the first quarter of this year about 3.4 billion dirhams after the total balance to 113.9 billion dirhams by the end of March 2018. The increase represents 71% of the total growth in savings accounts during the first five months of this year. The balance of savings accounts during the month of April by 1.84 billion dirhams, according to statistics of the Central Bank of the UAE closed at 115.74 billion dirhams. While the balance stabilized at the end of May at 115.3 billion dirhams, in a move that reflects the recourse of some customers to liquefy their computers in order to calculate the return on them.
