Assets of 13 listed UAE banks surge to Dh1.41 trillion in first half

ABU DHABI

The assets of 13 UAE banks have surged to Dh1.41 trillion by the end of the first half of 2017, a growth of 6.8 per cent from Dh1.31 trillion in the corresponding period in 2016.

Data revealed by the 13 listed banks until July 20, 2017, indicated an increase to Dh963 billion in deposits by the end of the same period this year, 8.2 per cent up from Dh890 billion in the same period last year. According to the UAE Central Bank May report, the banking sector solvency reached 18.6 per cent, reflecting the resilience of the banking system in the country and its conformity with international standards.