Dubai-Mubasher: Total assets of banks operating in the UAE increased by 1% to AED 2.446 trillion in November 2015, compared to AED 2.420 trillion in October 2015.
Assets also gained 4.4% year-on-year (y-o-y) in November, according to statistics released by the UAE Central Bank.
The banks’ total credit grew 0.6% to AED 1.49 trillion in November 2015 from AED 1.48 trillion in October 2015 and added 6.6% y-o-y.
Domestic credit amounted to AED 1.38 trillion in November 2015, gaining 1.1% compared to figures from October 2014 and 6.5% y-o-y.
The banks’ investments reached AED 243.4 billion in November 2015, a decline of 0.3% from AED 244.2 trillion in October 2015 and 6.3% compared to figures from November 2014.
Deposits stood at AED 1.45 trillion in November 2015, up 1% from AED 1.43 trillion in October and 1.6% compared to figures from November 2014.
