Abu Dhabi – Mubasher: Assets of traditional banks operating in the UAE, excluding Islamic lenders, recorded AED 2.275 trillion, acquiring around 79.7% of the Central Bank of UAE’s (CBUAE) total assets, official data showed.
While Islamic banks in the GCC nation made up 20.3% of total assets, according to a statement released by the CBUAE on Monday.
Over the first eleven months of 2018, the UAE’s bank assets rose 6.1% year-on-year or AED 132 billion, while Islamic banks raised their assets to AED 579.2 billion by the end of November.
