3.236 Trillion in Bank Deposits
1 Trillion in Foreign Assets of the Central Bank
1.046 Trillion in Central Bank’s Balance Sheet
As of the end of November 2025, the total assets held by banks in the country reached 5.251 trillion dirhams, marking an increase of 0.8% compared to 5.208 trillion dirhams at the end of October. This information comes from the Central Bank of the UAE’s Monetary and Banking Developments report for November.
Total credit rose by 0.7%, climbing from 2.515 trillion dirhams at the end of October to 2.532 trillion dirhams by the end of November 2025. This growth was propelled by an increase in domestic credit amounting to 9 billion dirhams, alongside 8.7 billion dirhams in foreign credit.
The increase in domestic credit stemmed from a 2.6% rise in loans to the government sector, a 0.4% rise in the private sector, and a 3.6% increase in non-bank financial institutions, which offset a 1% decline in credit directed towards public sector entities associated with the government.
Furthermore, total bank deposits expanded by 1%, rising from approximately 3.203 trillion dirhams at the end of October to 3.236 trillion dirhams by the end of November 2025. This was supported by a 1.4% increase in resident deposits, bringing them to around 2.971 trillion dirhams, while non-resident deposits experienced a 2.4% decline to 265.4 billion dirhams.
According to the data, resident deposits grew across all components, with government deposits increasing by 0.6% to 439.2 billion dirhams, private sector deposits rising by 1.2% to 2.187 trillion dirhams, along with a 3% increase in deposits from government-related entities to 282.7 billion dirhams, and a 3.3% rise in non-bank financial institution deposits to 62 billion dirhams at the end of November 2025.
The Central Bank noted that the monetary base grew by 1.7%, from 836.1 billion dirhams at the end of October to 850.1 billion dirhams at the end of November 2025.
This increase was attributed to a 21.5% rise in the banks’ reserve accounts, a 2.6% gain in currency issued, and an 8.8% increase in Islamic banknotes and certificates of deposit, which outweighed a 37.3% decrease in the current accounts of banks and other financial institutions, as well as overnight deposits at the Central Bank.
Foreign assets of the central bank surpassed 1 trillion dirhams by the end of November, compared to 991.6 billion dirhams at the end of October.
As of the end of September, the foreign assets were distributed as follows: 305.3 billion dirhams in bank balances and deposits with foreign banks, 646.8 billion dirhams in foreign securities, and 59.5 billion dirhams in other foreign assets.
The Central Bank’s balance sheet exceeded 1.046 trillion dirhams, categorized into liabilities and capital, which included 499.9 billion dirhams in current accounts and deposit accounts, 288.9 billion dirhams in monetary notes and Islamic certificates of deposit, 171.1 billion dirhams in issued currency and coins, and 31.9 billion dirhams in other liabilities, with capital and reserves amounting to 55.1 billion dirhams.
On the asset side of the central bank’s balance sheet, distributions included 220.5 billion dirhams in cash and bank balances, 99.8 billion dirhams in deposits, 673.5 billion dirhams in investments, and 52.9 billion dirhams in other assets.