Abu Dhabi – Mubasher: Monetary deposits at banks operating in the UAE have surged by AED 10 billion to AED 439.7 billion in February 2018 from AED 429.7 billion a month earlier.
A group of 22 national banks acquired AED 377 billion, or 85.7%, of the banks’ deposits in the GCC nation during the second month of 2018, while foreign banks’ deposits reached AED 63 billion in the same month, according to an official statement.
In March, the Central Bank of the United Arab Emirates reported growth in the state’s current account to AED 101 billion in 2017, with an increase of 108% year-on-year.
