Bank savings in the UAE hit record $45.1bn

      Published on Friday, 13 September , 2019      546 Views     
Bank savings in the UAE hit record $45.1bn


Savings account balances at UAE banks hit a record of about AED165.8 billion ($45.1 billion) during the first seven months of the year, it has been announced.




The 9 percent growth of AED13.8 billion compared to the end of 2018 was revealed by the Central Bank of the UAE.

Savings accounts made up 11.4 percent of the total deposits held by UAE banks which amounted to AED1.4 trillion by the end of July, state news agency WAM reported.

The month of May saw the highest growth in savings (AED8.4 billion) with Q1 witnessing an increase of AED4 billion.



UAE national banks hold the lion’s share of savings while savings held by UAE-based foreign banks reached AED16.3 billion so far in 2019.

Keywords:
Category Dubai, Gulf News | 2019/09/13 latest update at 8:45 AM
Source : Arabian Business | Photocredit : Google
547 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Saudi Arabia Today would like to give all of its readers from Gulf and Saudi Arabia and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Saudi Arabia Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Saudi Arabia, the Gulf and the world.


Sponsored Publications