UAE banking sector assets exceed Dhs4.749 trillion by end of April

Total banking sector assets in the UAE, including bankers' acceptances, rose by 0.6 per cent month-on-month to exceed Dhs4.749 trillion at the end of April 2025, up from approximately Dhs4.719 trillion at the end of March.

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According to the Summary Report-Monetary & Banking Developments - April 2025 issued on Wednesday by the Central Bank of the UAE (CBUAE), total bank credit increased by 0.9 per cent to surpass Dhs2.259 trillion at the end of April, compared to Dhs2.240 trillion at the end of March, driven by a rise of Dhs12.3 billion in domestic credit and Dhs7.1 billion in foreign credit.

The growth in domestic credit was attributed to a 0.7 per cent increase in credit to the government sector, a 1.2 per cent increase to the public sector (government-related entities), and a 0.6 per cent increase to the private sector. Meanwhile, credit to non-banking financial institutions declined by 4.3 per cent.

Total bank deposits also rose by I per cent month-on-month to exceed Dhs2.965 trillion at the end of April, compared to Dhs2.936 trillion at the end of March.

This increase was driven by a O.l per cent rise in resident deposits, which reached over Dhs2.689 trillion, in addition to a 10.9 per cent increase in nonresident deposits to Dhs275.6 billion.

Within resident deposits, government sector deposits rose by 0.9 per cent, and private sector deposits increased by I.I per cent. However, deposits from non-banking financial institutions fell by 9.2 per cent, and deposits from government-related entities declined by 6.5 per cent.