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RIYADH: The worth of UAE banks’ property, together with acceptance certificates, has elevated to three.66 trillion dirhams ($996.6 billion) in January, recording 11.5 % progress over 3.29 trillion dirhams recorded throughout the identical interval final 12 months, the newest central financial institution information revealed.
In accordance with the Central Financial institution of UAE’s report on Financial Banking Developments for January 2023, whole financial institution credit score elevated 4.1 % yearly, or by 73.9 billion dirhams to 1.87 trillion dirhams. That is in comparison with roughly 1.8 trillion dirhams in January 2022.
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