Assets of 18 listed national banks reach AED3tn in H1

Assets of 18 listed national banks reach AED3tn in H1

Assets of 18 listed national banks reach AED3tn in H1 Admin 2 hours ago Local NewsAbu Dhabi / WAMTotal assets of the 18 listed national banks rose to around AED3 trillion in H1 2020, up 8.2 percent, compared to the comparable period of 2019, reflecting the strong financial profile boasted by the Emirati banks, according to data released on their websites. The sector's activity is highlighted by the profitability of the banks, as deposits increased around 13 percent to around AED1.942 trillion during the first half of the year, from around AED1.72 trillion in the same period last year. Loans also witnessed growth, climbing 8% from AED1.509 billion to AED1.629 billion during the reference period. In more detail, the total assets of 11 ADX-listed national banks amounted to AED1.643