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Savings deposits (excluding interbank deposits) in the UAE banking system increased to AED 246.61 billion (US$ 67.14 billion) by the end of November 2022, an increase of approximately AED 7.21 billion from approximately AED 239.4 billion in 2021, i.e. 3%.
Statistics from the Central Bank of the United Arab Emirates show that savings deposits grew by 1.98% in the first 11 months of 2022, compared to around AED 241.82 billion at the end of 2021, an increase of AED 4.8 billion. They will increase by 0.06% per month compared to about AED246.48 billion in October 2022, a WAM report said.
At the end of November last year, demand deposits increased by AED820.83 billion, or 82.5%, to AED903.36 billion, representing an annual growth rate of 10.1%.
demand deposit
Demand deposits in the first 11 months of last year rose by 6.5 percent, equivalent to AED55.3 billion, compared to AED848.04 billion at the end of 2021. However, demand deposits fell by 1.7% per month compared to AED 918. 97 billion in October 2022.
Fixed deposits rose 17 percent annually to AED599.81 billion at the end of November last year, up from AED513.16 billion in November 2021. — trade arab news agency
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