The total assets of banks operating in the UAE, including bank acceptance certificates, surpassed 4.71 trillion dirhams at the end of the first quarter of 2025, marking a monthly growth of 1.9%.
Recent data from the Central Bank revealed a monthly increase of 2.3% in the cumulative balance of bank deposits, bringing the total to 2.93 trillion dirhams in March. This growth was primarily driven by a 2.4% rise in resident deposits and a 0.4% rise in deposits from non-residents.
Additionally, the cumulative balance of bank credit reached over 2.24 trillion dirhams by the end of March, reflecting a monthly growth of 1.6%. This increase was propelled by domestic credit, which rose by 19.5 billion dirhams, alongside foreign credit, which saw a growth of approximately 16.2 billion dirhams.
In another development, the monetary base expanded by 2% month over month, exceeding 833.1 billion dirhams in March 2025. This growth included a record 62% increase in reserve accounts, coupled with a 4.1% rise in issued currencies, which outweighed declines in current accounts of banks and other financial institutions, as well as in monetary bills and Islamic certificates of deposit.