26.3 C
Monday, December 4, 2023

Emirates News Agency – UAE banks’ total capital, reserves up 10% at end-April


ABU DHABI, 23rd June, 2023 (WAM) — The total capital and reserves of UAE banks rose by 10% year-on-year from AED395.9 billion to AED435.3 billion by April 2023, according to the UAE Central Bank. Monthly report of the Bank of China (CBUAE) on monetary, banking and financial developments until April 2022.

The report stated that NBN accounted for 86.4% of the total capital and reserves of UAE banks at AED376.1 billion at the end of April 2023, compared to AED341.5 billion at the end of April 2022, representing a year-on-year increase of 10.1%.

As of the end of April 2023, foreign banks accounted for 13.6% of the total capital and reserves of UAE banks, reaching AED59.2 billion, an increase of 8.8% year-on-year from AED54.4 billion in April 2022.

Total capital and reserves of banks operating in the emirates of Dubai and Abu Dhabi increased by 11.4% and 9.9% year-on-year to AED210.3 billion and AED192.3 billion respectively as of the end of April last year, while total capital and reserves rose year-on-year, respectively. 11.4% and 9.9%. The number of banks operating in other emirates was AED 32.7 billion, up 1.6% year-on-year.

Tariq Al Faham / Amjad Saleh


Source link

Related Articles

Abu Dhabi Police Set Strict Guidelines for UAE National Day Celebrations: Dh2,000 Fine and 23 Black Points for Violating 10 Traffic Rules.

As the UAE National Day celebrations approach, the Abu Dhabi Police have released a set of traffic rules for the weekend festivities. Motorists are...

Discover the Stories of Three Zayed Sustainability Prize Finalists Fighting to Transform the World

Launched in 2008 to honor the legacy of Sheikh Zayed bin Sultan Al Nahyan, the Zayed Sustainability Prize is set to announce this year's...

Witness: Abu Dhabi Unveils Hydrogen-Fueled City Bus with Zero Emissions

China-based technology company Wisdom Motor is gearing up to introduce its custom-designed hydrogen-powered city buses to Abu Dhabi through a collaboration with the Integrated...

Abu Dhabi Greenlights AED 7.6 Billion Housing Package Benefiting Over 5,600 Emiratis

Housing Package On Wednesday, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive...

Prohibition of Entry for Certain Vehicles into Abu Dhabi for a Three-Day Period

On Wednesday, the Integrated Transport Centre implemented a temporary ban on specific vehicles entering Abu Dhabi. This ban primarily targets heavy vehicles, including trucks...

Latest Articles