UAE national banks’ total assets reached Dhs2.8 trillion in July
- Date: 26-Sep-2020
- Source: Gulf Today
- Sector:Financial Services
- Country:uae-top-picks
UAE national banks’ total assets reached Dhs2.8 trillion in July
UAE national banks' total assets reached Dhs2.8 trillion in July
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The total credit of national banks grew by around 0.7 per cent on a monthly basis and 2.5 per cent since the beginning of the year to Dhs1.61 trillion by the end of July.
Abeer Abu Shammaleh, Staff Reporter
The total value of national banks' assets rose by around 0.7 per cent on a monthly basis in July to Dhs2.8 trillion, up from Dhs2.78 trillion by the end of June 2020.
The surge since the beginning of the year reached around 4 per cent compared to Dhs2.69 trillion by the end of December 2019. The share of national banks of the total assets of the sector stood at around 87.5 per cent.
The total assets of the foreign banks operating in the UAE