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Abu Dhabi /Â WAM
In yet another indicator of the growth of business sentiments in the country, the number of automatic teller machines operated by banks in the UAE hit a total of 5, 211 by end of March , an increase of 67 machines from the same period in 2016, according to UAE Central Bank statistics. Up to 40 percent of cash withdrawals are conducted via ATMs, while the rest are claimed through bank tellers.
On a different note, Central Bank statistics released on Wednesday on the latest financial developments in the country, indicated that the number of financial entities operating under the central bank’s mandate and supervision, excluding Emirati and foreign banks, reached 22 financial investment companies and 11 brokerage firms, along with 11 commercial banks, 28 financing companies, 107 bank representation offices and 141 money exchange companies.
The number of national banks stood at 23 by the end of Q1 with their branches increasing to 834, while Gulf banks remained 6, and 20 foreign banks with 81 branches.