UAE Banking Sector Assets Increased Slightly in April

BY THE ARAB TODAY Jul 24, 2025

UAE Banking Sector Assets Increased Slightly in April
Image Credit: Forbes Middle East

UAE Banking Sector Assets Increased Slightly in April

The total value of banking assets in the UAE went up by 0.6% in April, reaching more than $1.3 trillion (AED 4.749 trillion), compared to March, according to the UAE Central Bank.

Bank Credit Growth

The central bank said that total bank credit (money lent out by banks) grew by 0.9% in April to more than $615 billion (AED 2.259 trillion). This included an increase of $3.3 billion (AED 12.3 billion) in loans within the country and $1.9 billion (AED 7.1 billion) in foreign loans.

The rise in local loans came from:

  • 0.7% more credit to the government,

  • 1.2% more to the public sector,

  • 0.6% more to the private sector.
    However, loans to non-banking financial companies went down by 4.3%.

Bank Deposits

Total bank deposits increased by 1% to over $807 billion (AED 2.965 trillion). Resident deposits rose slightly by 0.1% to more than $732 billion (AED 2.689 trillion), while non-resident deposits jumped by 10.9% to $75 billion (AED 275.6 billion).

Among local deposits:

  • Government deposits grew 0.9%.

  • Private sector deposits grew 1.1%.

  • Deposits from non-banking institutions dropped 9.2%.

  • Deposits from government-related entities fell 6.5%.

Monetary Base and Foreign Assets

The monetary base (a measure of money supply) fell by 1.7% to $222.9 billion (AED 819 billion). This was due to a 2.5% drop in currency in circulation and a 32% drop in reserves, even though bank current and overnight accounts at the central bank increased by almost 160%.

Foreign assets held by the central bank rose slightly to $255.2 billion (AED 937.5 billion). These included:

  • $109.7 billion (AED 403.2 billion) in overseas bank accounts and deposits,

  • $133.4 billion (AED 490.1 billion) in foreign securities,

  • $12 billion (AED 44.1 billion) in other foreign investments.

UAE Economy in 2024

In 2024, the UAE’s economy grew by 4%, reaching $483.6 billion (AED 1.8 trillion) in real GDP.

The non-oil sector grew 5% to $365.4 billion (AED 1.342 trillion), making up more than 75% of the economy. Oil activities added $118.2 billion (AED 434 billion).

Key non-oil sectors included:

  • Trade: 16.8% of GDP,

  • Manufacturing: 13.5%,

  • Finance and insurance: 13.2%,

  • Construction: 11.7%,

  • Real estate: 7.8%.

The UAE plans to grow its GDP to $816.9 billion (AED 3 trillion) in the coming decade, focusing on sustainable development and new technologies.

Published: 24th July 2025

For more article like this please follow our social media Twitter, Linkedin & Instagram

Also Read:

Check 2025 High School Results Instantly via Official Link
Iraq, SLB Ink Deal to Boost Gas Output at Akkas Field
Riyad Bank’s H1 2025 Profit Jumps 15% to $1.35 Billion

Tags: banking UAE

Artificial Intelligence
ChatGPT vs Gemini: Features, Uses and Differences

Artificial intelligence is revolutionising how people search for information, produce content, learn, and do ordinary jobs. Two of the most popular AI…

Gulf News, Technology
Why Industrial Leaders Must Become Chief Engineers Again: By Bruno Bouygues, Chairman and CEO of GYS, a French manufacturer of machine tools

Why must an industrial leader understand technology today? Acquisitions automated factories and cost-cutting are no longer enough to protect industrial companies. Machines…

Palestine, Travel
Step by Step Guide: How to Apply for a Passport in Palestine?

Step-by-Step Guide: How to Apply for a Passport in Palestine? Applying for a Palestinian passport is an important step for Palestinians who…

Gulf News
Buy Facebook Followers: 2 Best Sites for Real Profile & Page Followers (2026)

Most guides on where to buy Facebook followers jump straight to a ranking. That skips the most common reason an order goes…

Saudi Arabia
10 Fastest-Growing Industries in Saudi Arabia

Saudi Arabia is undergoing one of the most significant economic transformations in the Middle East. For decades, oil and gas formed the…