UAE banking system advances rose 5.8% YOY and 0.8% QOQ to AED 1,816.4 Bn in 1H24. On the other hand, deposits expanded at a faster rate, recording a 13.0% YOY and 0.5% QOQ growth to AED 2,692.6 Bn in 1H24.

UAE banking system advances rose 6.1% YOY to AED 1,776.6 Bn in 1Q24. On the other hand, deposits expanded at a faster rate, recording a 15.2% YOY growth to AED 2,657.3 Bn in 1Q24.

UAE banking system advances rose 5.3% to AED 1,738.0 Bn in FY2023. On the other hand, deposits expanded faster rate, recording a 13.5% growth to AED 2,521.9 Bn in FY2023

UAE banking system advances rose 5.1% YOY to AED 1,740 Bn in 3Q23. On the other hand, deposits grew at a faster rate recording a 10.7% YOY growth to AED 2,421 Bn in 3Q23.

UAE banking system advances rose 3.5% YOY to AED 1,717 Bn in 2Q23. On the other hand, deposits grew at a faster rate, recording a 13.9% YOY growth to AED 2,382 Bn in 2Q23

Advances in the UAE banking system rose 3.3% YOY to AED 1,655 Bn in September 2022 whereas, deposits rose at a faster rate recording a healthy 12.6% YOY growth to AED 2,187 Bn in September 2022 . The loan-to-deposit ratio in the UAE banking system declined from 79.3% in June 2022 to 75.7% in September 2022 which indicates further room for credit ex...