UAE residents savings up by Dh10 billion in first four months of 2021
Waheed Abbas/Dubai
(Reuters)
It is projected that savings will grow further over the next few months.
UAE residents saw their savings go up in the first four months of 2021, data from the Central Bank of the UAE revealed.
Funds saved in residents bank accounts in the UAE have increased by Dh9.77 billion to Dh199 billion during the first four months of 2021, compared to Dh189.22 billion at the end of 2020.
It is projected that savings will grow further over the next few months. Saving accounts in UAE national banks account for 88 per cent of their total balance.
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