Abu Dhabi – Mubasher: Assets owned by national banks across the UAE grew slightly in the first eight months of 2017 by 0.7% or AED 15 million to AED 2.253 trillion from AED 2.238 trillion in the year-ago period, recent data showed.
Meanwhile, assets owned by foreign banks operating in the UAE declined by 2.6% to AED 365.5 billion between January and August 2017, compared to AED 375.3 billion in the same period of 2016, statistics released by the Central Bank of the UAE indicated.
The value of loans provided by the UAE’s national banks reached AED 1.392 trillion during the eight-month period, up 1.01% year-on-year from AED 1.378 trillion.
On the other hand, loans and credit provided by foreign banks in the Gulf country fell 5% year-on-year to AED 186.5 billion in the first eight months of 2017, the data showed.
The UAE’s banking sector encompasses 23 national banks and 35 foreign ones.
