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ABU DHABI – Large deposits (over AED20 million) accounted for 59% of total deposits held by UAE banks at AED2.222 trillion by the end of 2022, according to the UAE Central Bank.
Deposits of more than AED 20 million surged to AED 1.31 trillion by the end of December, an increase of 11.4% from about AED 1.175 trillion at the end of December 2021.
Deposit accounts above AED5 million to AED20 million accounted for approximately AED269.24 billion, or 12.1 percent of all deposits, an increase of 11 percent compared to AED242.46 billion in December 2021.
Deposits between AED 1 million and AED 5 million accounted for about 13 percent of total deposits at the end of December last year, up 15.2 percent from AED 250.63 billion in December 2021.
Deposits above AED500,000 and below AED1 million totaled AED108.5 billion, or 4.9 percent of all deposits, up 13.5 percent from around AED95.6 billion in December 2021.
Deposits between AED 250.000 and AED 500,000 totaled AED 84.26 billion, down from AED 87.4 billion in December 2021.
Deposits of up to AED 250,000 accounted for about 7.2 percent at the end of December last year, equivalent to AED 160.8 billion, an increase of 11.3 percent compared to about AED 144.47 billion in December 2021.
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