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.
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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.
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.
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