Gross banks' assets up 1% to Dhs5,024.1b: CBUAE

Gross banks' assets increased by 1% from Dhs4,973.3 billion at the end of June 2025 to Dhs5,024.1 billion at the end of July 2025.

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The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.3%, from Dhs1,026.2 billion at the end of June 2025 to Dhs1,029.5 billion at the end of July 2025.

The increase was due to Dhs6.8 billion increase in monetary deposits, overshadowing Dhs3.5 billion decrease in currency in circulation outside banks, according to Monetary & Banking Developments - July 2025, released by the apex bank on Monday.

The money supply aggregate M2 grew by 0.6%, from Dhs2,531.2 billion at the end of June 2025 to Dhs2,546.9 billion at the end of July 2025. M2 increased due to an elevated M1, and Dhs12.4 billion increase in Quasi Monetary Deposits.

Consequently, money supply aggregate M3 also increased by 0.8%, from Dhs2,997.6 billion at the end of June 2025 to Dhs 3,022.2 billion at the end of July 2025. M3 increased due to the increase in M2, amplified by Dhs8.9 billion increase in government deposits.

The monetary base increased by 0.5%, from Dhs860.0 billion at the end of June 2025 to Dhs864.0 billion at the end of July 2025. The increase in the monetary base was driven by increases in banks & OFCs' current accounts & overnight deposits of banks at CBUAE by 44.5% and in monetary bills & Islamic certificates of deposit by 12.9%, overriding the decreases in currency issued by 2.6% and in reserve account by 24.9%.