Latest news with #AED1.109
Sharjah 24
11-04-2025
- Business
- Sharjah 24
CBUAE gold reserves rise 7% to AED24.57 billion in January
Demand deposits continue to rise According to the CBUAE's Monthly Statistical Bulletin for January, demand deposits grew to over AED1.116 trillion by the end of January, compared to AED1.109 trillion in December 2024. Breakdown of demand deposits : Local currency: AED834.9 billion Foreign currencies: AED281.5 billion Growth in savings deposits Savings deposits increased to AED322.281 billion by the end of January, up from AED317.48 billion in December. Breakdown of savings deposits : Local currency: AED270.79 billion Foreign currencies: AED51.48 billion Fixed-term deposits remain strong Fixed-term deposits reached AED926.22 billion in January, with: AED552.47 billion in local currency AED373.74 billion in foreign currencies Rise in net international reserves The UAE banking sector's net international reserves also increased, reaching AED1.466 trillion at the end of January, compared to AED1.446 trillion in December 2024.
Hi Dubai
17-03-2025
- Business
- Hi Dubai
UAE Banking Sector Workforce Hits Record 39,000 Amid Strong Financial Growth
The number of employees in UAE banks has surpassed 39,000 for the first time since 2015, reflecting steady sector growth, according to the latest data from the Central Bank of the UAE (CBUAE). The Monthly Statistical Bulletin, Banking and Monetary Statistics - December 2024, released today, reported that the total banking workforce reached 39,046 by the end of 2024, marking a 2.3% increase from 38,168 in 2023. National banks employed 32,590 individuals, while 6,456 worked for foreign banks operating in the UAE. In parallel, the CBUAE reported a 26.63% surge in gold bullion holdings, reaching AED22.981 billion by year-end, up from AED18.147 billion in 2023. The UAE banking sector also saw robust growth in deposits. Demand deposits surpassed AED1.109 trillion, with AED822.42 billion held in local currency. Savings deposits totaled AED317.486 billion, while time deposits amounted to AED945.75 billion, with more than half in local currency. Additionally, the net international reserves of UAE banks exceeded AED1.446 trillion by the end of 2024, compared to AED1.145 trillion in 2023, underscoring the financial sector's resilience and stability. News Source: Emirates News Agency
Zawya
14-03-2025
- Business
- Zawya
UAE bank employees surpass 39,000 for first time since 2015
The number of employees in UAE banks has exceeded 39,000 for the first time since 2015, according to data from the Central Bank of the United Arab Emirates (CBUAE). The Monthly Statistical Bulletin - Banking and Monetary Statistics - December 2024, released today, showed that as of the end of 2024, the total number of bank employees reached 39,046. The sector saw a net increase of 878 new employees in 2024, reflecting a 2.3 percent rise from 38,168 employees at the end of 2023. Of the total workforce, 32,590 employees work in national banks, while 6,456 are employed by foreign banks operating in the UAE as of December 2024. Meanwhile, the CBUAE's gold bullion surged by 26.63 percent in 2024, reaching AED22.981 billion by year-end, up from AED18.147 billion in 2023. The bank's demand deposits grew to exceed AED1.109 trillion by the end of 2024, with AED822.42 billion held in local currency. Savings deposits amounted to AED317.486 billion, of which nearly AED265 billion was in local currency, while time deposits totalled AED945.75 billion, with approximately AED553.4 billion in local currency. The report also highlighted an increase in net international reserves of the UAE banking sector, surpassing AED1.446 trillion by the end of 2024, compared to AED1.145 trillion at the end of 2023.
