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ABU DHABI / WAM
The value of non-resident deposits in the UAE’s banking system exceeded non-resident loans by AED64.5 billion at the end of May 2019 compared to the same period in 2018, according to statistics from the UAE Central Bank.
This statistics reflect the trust in the country’s banking systems, which has enabled it to attract more foreign investments.
The total balance of non-resident deposits amounted to AED209 billion at the end of May, compared to non-resident loans worth AED144.5 billion during the same period.
In its recent report, the UAE Central Bank highlighted an increase in banking activity, which reflects an improvement to various indexes related to the sector.