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:
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0.7% more credit to the government,
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1.2% more to the public sector,
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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:
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Government deposits grew 0.9%.
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Private sector deposits grew 1.1%.
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Deposits from non-banking institutions dropped 9.2%.
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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:
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$109.7 billion (AED 403.2 billion) in overseas bank accounts and deposits,
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$133.4 billion (AED 490.1 billion) in foreign securities,
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$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:
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Trade: 16.8% of GDP,
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Manufacturing: 13.5%,
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Finance and insurance: 13.2%,
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Construction: 11.7%,
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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
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