By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
businesspressbusinesspressbusinesspress
Notification Show More
Font ResizerAa
  • Home
  • Interview
  • News
  • Press Release
  • Event
  • Real Estate
  • Finance
  • Technology
  • Business
  • Startups
Reading: Dhs495.2 Billion was Deposited and Held by UAE Banks
Share
Font ResizerAa
businesspressbusinesspress
  • Home
  • Interview
  • News
  • Press Release
  • Event
  • Real Estate
  • Finance
  • Technology
  • Business
  • Startups
  • Home
  • Interview
  • News
  • Press Release
  • Event
  • Real Estate
  • Finance
  • Technology
  • Business
  • Startups
Have an existing account? Sign In
businesspress > Blog > Business > Dhs495.2 Billion was Deposited and Held by UAE Banks
BusinessNews

Dhs495.2 Billion was Deposited and Held by UAE Banks

BusinessPress
Last updated: September 13, 2024 3:08 am
BusinessPress
Published September 13, 2024
Share
Dhs495.2 Billion was Deposited and Held by UAE Banks
SHARE

According to the most recent data from the Central Bank of the UAE (CBUAE), the total capital and reserves of banks operating in the UAE reached Dhs 495.2 billion at the end of June 2024, a year-over-year (YoY) increase of 10.6% from Dhs 447.8 billion in June 2023.

According to data released today by the apex bank, the capital and reserves of banks in the nation increased by 1.5 percent monthly and 1.2 percent in the first half of the year. The CBUAE clarified that current-year profits are included in banks’ capital and reserves, but subordinated borrowings and deposits are not.

In June 2023, national banks held 86.3 per cent of the nation’s capital and reserves. As of the end of June, their value had increased to Dhs427.5 billion, a 10.6 percent YoY increase from Dhs386.6 billion.

Foreign banks now account for 13.7 percent of all capital and reserves held by banks operating in the United Arab Emirates. As of June, their value was Dhs67.7 billion, up 10.6 percent year over year from Dhs61.2 billion in June 2023. Banks’ investments in equities reached Dhs16.7 billion in June, up 38 per cent YoY and 1.8 per cent MoM, while banks’ other investments reached 51.7 per cent, up 2.2 per cent MoM and 2.6 per cent YoY.

Also Read:

Namma Yatri of India Intends to Join the US Market

Factors to Watch Next Week: FIIs, Rate Cut, and Economic Data

You Might Also Like

How AI is Improving Worker Satisfaction in the age of Hybrid Work

Exercise Could Lead to Healthier Types of Adiposity

Some Starbucks Locations in the US and The UK will Close

Support Industry Sustainable Report for Events

Trump’s Tariff Policy Harms the Poor and Confuses the World

Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Social Medias
Facebook X-twitter Instagram Linkedin
Popular News

As France makes a Budget Concession, Stocks soar and the Euro Stops Losses

BusinessPress
BusinessPress
December 2, 2024
Dubai Has a Special Status Among the World’s Best Horse racing Competitions. Mohamed Bin Rashid
YouTube will allow Indian Producers to make Money by Tagging Things on Myntra and Flipkart
Tata and Reliance are Listed Among the Most Powerful Companies in the World by TIME;
The Maldives, in Support of Palestinians, Prohibits Israelis from Entering

Categories

  • Business
  • Crypto
  • Event
  • Fashion
  • Finance
  • Gaming
  • Health & Fitness
  • Interview
  • Lifestyle
  • Marketing
  • News
  • Opinion
  • Photography
  • Press Release
  • Real Estate
  • Science
  • Social Media
  • Software
  • Startups
  • Technology
  • Uncategorized
  • World
Reading: Dhs495.2 Billion was Deposited and Held by UAE Banks
Share

About US

Business Press is an online media platform dedicated to providing valuable insights into the business world, covering a wide range of niches including technology, finance, marketing, health, artificial intelligence, events, software, cryptocurrency, and more. With a team of experienced journalists and industry experts, Business Press delivers the latest trends, analysis, opinion pieces, and exclusive interviews, catering to the needs of entrepreneurs, professionals, and business enthusiasts. The platform is committed to offering content that is informative, engaging, and thought-provoking, helping readers stay ahead in the ever-evolving business landscape.

Contact Now

sales@businesspress.online
+91.9899630849

© Business Press 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?