Deposits at UAE banks grew 80% to AED1,884 billion ($512 billion) in 2020 from AED1,049 billion in 2010, according to a report by the Federal Competitiveness and Statistics Centre.
ABU DHABI, 16th January, 2022 (WAM) Deposits at UAE banks grew 80% to AED1,884 bn in 2020 from AED1,049 bn in 2010, according to a report by the Federal Competitiveness and Statistics Centre.
The report, which documents the developments witnessed by the banking sector over the past decades, highlights the steady growth in bank deposits to AED1.471 trillion in 2015 from AED1.049 trillion in 2010.
The document indicated that the number of commercial banks operating in the UAE totalled 58 in 2020 against 51.
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