By the end of May, loans provided by banks operating in Dubai have surpassed the one trillion dirham mark.
According to data released by the central bank, banks in the emirate granted approximately 47 billion dirhams in new financing during the first five months of the current year.
The data also revealed that Dubai banks continued to lead in attracting deposits across the country for the sixth consecutive month, drawing in 89 billion dirhams in new deposits during the initial five months of 2025. This gave them a substantial share of 46.2% of total banking deposits in the UAE, totaling a cumulative 1.394 trillion dirhams by the end of May.
Moreover, the figures indicated that the assets of Dubai banks increased by 2.5% on a monthly basis, raising their cumulative balance to 2.128 trillion dirhams in May, while their investments grew to a total of 298 billion dirhams.
On another note, the data showed that the assets of Abu Dhabi banks reached 2.361 trillion dirhams, with investments rising to 421.4 billion dirhams and deposits hitting 1.371 trillion dirhams.
Meanwhile, the balance of assets for other banks in the country stood at 389 billion dirhams, with deposits increasing to 253.5 billion dirhams and credit reaching 204.3 billion dirhams, while investments recorded 68.9 billion dirhams by the end of May this year.