Dubai – Mubasher: The UAE has acquired around 24.7% of total capital base of the Arab banks operating in the region worth $91.9 billion, according to the Joint Arab Economic Report 2018 released by the Arab Monetary Fund (AMF).
Arab Banks’ capital base increased by 2.7 % or $10 billion in 2017, compared to $363.4 billion in the previous year.
The UAE’s bank deposits rose 19.3% to $386 billion from a total of $1.96 trillion in the rest of Arab lenders, according to the report.
Meanwhile, total deposits in Arab banks levelled up 2.5% to $1.96 trillion in 2017, compared to $1.94 trillion by the end of 2016.
