The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Abu Dhabi / WAM
The total assets of the 22 national banks increase to AED3.023 trillion in the first five months of 2022, up 4 percent (AED117.3 billion), according to latest statistics released by the UAE central bank (CBUAE).
Assets of national banks accounted for 87.8 percent of gross banking sector’s assets of AED3.442 trillion by
end of last May, against 12.2 percent for foreign banks.
Assets of the 37 foreign banks rose 2.22 percent (AED9.1 billion) to AED419.4 billion by end of May from AED 410.3 billion in May 2021.
In the first five months of the year, foreign banks’ assets grew by AED3.9 billion or 0.94 percent.