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UAE banking industry to stay stable amid muted economic growth: Moody s

UAE banking industry to stay stable amid muted economic growth: Moody s
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CBUAE issues monetary, banking, and financial markets developments report for Q1, 2023

The report provides insights into the monetary and banking activities, as well as the developments in the UAE financial markets

United arab emiratesAbu dhabiAbuz abyBank assetsBanking sector developmentCentral bankForeign assets of the central bankUnited arab emirates monetaryFinancial markets developments reportMonetary depositsQuasi monetary depositsCash officesTotal capital adequacy ratioFinancial marketAbu dhabi financial market indexDubai financial market index

UAE bank assets rise 2 6% in first quarter

Total assets of banks operating in the UAE increased by 2.6 per cent quarter-on-quarter, reaching Dh3.764 trillion by the end of the first quarter of 2023..

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UAE banks witness sharp decline in branches

Technology adoption, consolidation and cost saving measures resulted in lesser branches

United arab emiratesCentral bankDomestic systemically important bankImage creditUnited arab emirates monetaryFinancial markets developments reportCapital conservation bufferஒன்றுபட்டது அரபு அமீரகங்கள்மைய வங்கிபடம் கடன்மூலதனம் பாதுகாப்பு இடையக