UAE BANKING SECTOR ASSETS EXCEED DH4.749 TRILLION BY END OF APRIL

Sector buoyed by excellent credit figures and resident and non-resident deposits

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Total banking sector assets in the UAE, including bankers' acceptances, rose by 0.6 per cent month-on-month to exceed Dh4.749 trillion at the end of April 2025, up from approximately Dh4.719 trillion at the end of March.

According to the Summary Report, Monetary & Banking Developments - April 2025, issued last week by the Central Bank of the UAE (CBUAE), total bank credit increased by 0.9 per cent to surpass Dh2.259 trillion at the end of April, compared to Dh2.240 trillion at the end of March, driven by a rise of Dh12.3 billion in domestic credit and Dh7.1 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 1 per cent month-on-month to exceed Dh2.965 trillion at the end of April, compared to Dh2.936 trillion at the end of March.