During the past year, banks operating in the UAE attracted nearly half a trillion dirhams in new deposits, bringing the total deposit balance to approximately 3.5 trillion dirhams by the end of March, reflecting a year-on-year growth of 17.5%. These figures highlight significant confidence in the banking sector, as well as the robustness and security of local savings channels amidst various challenges.
The indicators from the central bank revealed that national banks added over 838 billion dirhams to their asset portfolios within the year, raising their total asset balance to 5.56 trillion dirhams by the end of the first quarter of the current year.
Year-on-year, assets experienced growth of nearly 18%, up from 4.71 trillion dirhams during the same period last year, while month-on-month growth stood at 1.5% compared to February of this year.
Additionally, local banks increased their lending to residents by 14.4% on a yearly basis, amounting to over 269 billion dirhams during this timeframe. Consequently, the total credit balance rose from 1.869 trillion dirhams at the end of March 2025 to 2.138 trillion dirhams by the end of March this year.