Latest news with #Monetary&BankingDevelopments
Gulf Today
24-07-2025
- Business
- Gulf Today
UAE banking sector assets exceed Dhs4.749 trillion by end of April
Total banking sector assets in the UAE, including bankers' acceptances, rose by 0.6 per cent month-on-month to exceed Dhs4.749 trillion at the end of April 2025, up from approximately Dhs4.719 trillion at the end of March. According to the Summary Report - Monetary & Banking Developments - April 2025 issued on Wednesday by the Central Bank of the UAE (CBUAE), total bank credit increased by 0.9 per cent to surpass Dhs2.259 trillion at the end of April, compared to Dhs2.240 trillion at the end of March, driven by a rise of Dhs12.3 billion in domestic credit and Dhs7.1 billion in foreign credit. The growth in domestic credit was attributed to a 0.7 per cent increase in credit to the government sector, a 1.2 per cent increase to the public sector (government-related entities), and a 0.6 per cent increase to the private sector. Meanwhile, credit to non-banking financial institutions declined by 4.3 per cent. Total bank deposits also rose by 1 per cent month-on-month to exceed Dhs2.965 trillion at the end of April, compared to Dhs2.936 trillion at the end of March. This increase was driven by a 0.1 per cent rise in resident deposits, which reached over Dhs2.689 trillion, in addition to a 10.9 per cent increase in non-resident deposits to Dhs275.6 billion. Within resident deposits, government sector deposits rose by 0.9 per cent, and private sector deposits increased by 1.1 per cent. However, deposits from non-banking financial institutions fell by 9.2 per cent, and deposits from government-related entities declined by 6.5 per cent. The central bank also reported a 2.6 per cent increase in the monetary aggregate M1, which reached Dhs1.0119 trillion at the end of April, up from Dhs986.2 billion at the end of March. This was due to a Dhs26.9 billion increase in monetary deposits, which offset a Dhs1.2 billion decline in currency in circulation outside banks. Conversely, the M2 aggregate declined by 0.1 per cent to Dhs2.435 trillion at the end of April, compared to Dhs2.4377 trillion in March, driven by a Dhs27.8 billion fall in quasi-monetary deposits. The M3 aggregate increased by 0.2 per cent from Dhs2.8937 trillion in March to Dhs2.8982 trillion in April, mainly due to a Dhs6.6 billion increase in government deposits. Data also showed a 1.7 per cent decline in the monetary base, from Dhs833.1 billion in March to Dhs819 billion in April, attributed to a 2.5 per cent drop in issued currency and a 32.0 per cent fall in reserve accounts, despite a significant 159.8 per cent surge in current accounts and overnight deposits held by banks and other financial institutions at the central bank, as well as a 3.1 per cent rise in monetary bills and Islamic certificates of deposit. Meanwhile, the central bank's foreign assets increased to Dhs937.5 billion at the end of April, compared to Dhs935.2 billion at the end of March. As of the end of April, these foreign assets comprised Dhs403.2 billion in bank balances and deposits abroad, Dhs490.1 billion in foreign securities, and Dhs44.1 billion in other foreign assets. The central bank's balance sheet totalled Dhs972.3 billion, with liabilities and capital consisting of Dhs449.1 billion in current accounts and deposit accounts, Dhs279.9 billion in monetary bills and Islamic certificates of deposit, Dhs165.2 billion in currency notes and coins in circulation, Dhs33.2 billion in other liabilities, and Dhs45 billion in capital and reserves. On the asset side, the balance sheet comprised Dhs210.9 billion in cash and bank balances, Dhs208 billion in deposits, Dhs516.8 billion in investments, Dhs0.5 billion in loans and advances, and Dhs36.2 billion in other assets. Meanwhile, Commercial Bank of Dubai (CBD) has announced its financial results for the second quarter and first half of 2025, achieving a remarkable milestone of 20 consecutive quarters of profit growth. The Bank reported a net profit before tax of Dhs1.862 billion, representing a 16.7 per cent increase compared to the same half last year. CBD's strong growth was further underscored by its total assets surpassing Dhs150 billion for the first time in its history, reflecting sustained momentum and strategic execution. This performance has been driven by solid customer engagement, robust lending activity, and broad-based economic expansion supported by public sector investments and population growth. Dr. Bernd van Linder, Chief Executive Officer, said, 'Delivering 20 consecutive quarters of net profit growth whilst growing the balance sheet to exceed Dhs 150 billion are significant milestones for CBD. Our consistent performance over the past five years, despite global headwinds such as the pandemic, volatile interest rates and supply chain disruptions, demonstrates the strength of our strategy and our continued commitment to customers. We are pleased with the latest performance which is a testament to our disciplined growth and market leadership. We remain focused on delivering on our strategic targets for 2025 and beyond.' CBD's transformation agenda continues to deliver results. The Bank recorded its highest SME Net Promoter Score in over three years for H1 2025, following enhancements to onboarding and service delivery. At the same time, CBD's leadership in innovation was recognised through multiple industry awards, including Best Digitisation Initiatives, Best Mobile Banking Services, and Best Technological Innovation in Financial Services, affirming its digital-by-design ethos. WAM
Al Etihad
23-07-2025
- Business
- Al Etihad
UAE banking sector assets exceed Dh4.749 trillion by end of April
23 July 2025 17:34 ABU DHABI (WAM)Total banking sector assets in the UAE, including bankers' acceptances, rose by 0.6 percent month-on-month to exceed Dh4.749 trillion at the end of April 2025, up from approximately Dh4.719 trillion at the end of to the Summary Report - Monetary & Banking Developments - April 2025 issued Wednesday by the Central Bank of the UAE (CBUAE), total bank credit increased by 0.9 percent to surpass Dh2.259 trillion at the end of April, compared to Dh2.240 trillion at the end of March, driven by a rise of Dh12.3 billion in domestic credit and Dh7.1 billion in foreign growth in domestic credit was attributed to a 0.7 percent increase in credit to the government sector, a 1.2 percent increase to the public sector (government-related entities), and a 0.6 percent increase to the private credit to non-banking financial institutions declined by 4.3 bank deposits also rose by one percent month-on-month to exceed Dh2.965 trillion at the end of April, compared to Dh2.936 trillion at the end of increase was driven by a 0.1 percent rise in resident deposits, which reached over Dh2.689 trillion, in addition to a 10.9 percent increase in non-resident deposits to Dh275.6 resident deposits, government sector deposits rose by 0.9 percent, and private sector deposits increased by 1.1 percent. However, deposits from non-banking financial institutions fell by 9.2 percent, and deposits from government-related entities declined by 6.5 central bank also reported a 2.6 percent increase in the monetary aggregate M1, which reached Dh1.0119 trillion at the end of April, up from Dh986.2 billion at the end of March. This was due to a Dh26.9 billion increase in monetary deposits, which offset a Dh1.2 billion decline in currency in circulation outside the M2 aggregate declined by 0.1 percent to Dh2.435 trillion at the end of April, compared to Dh2.4377 trillion in March, driven by a Dh27.8 billion fall in quasi-monetary M3 aggregate increased by 0.2 percent from Dh2.8937 trillion in March to Dh2.8982 trillion in April, mainly due to a Dh6.6 billion increase in government also showed a 1.7 percent decline in the monetary base, from Dh833.1 billion in March to Dh819 billion in April, attributed to a 2.5 percent drop in issued currency and a 32.0 percent fall in reserve accounts, despite a significant 159.8 percent surge in current accounts and overnight deposits held by banks and other financial institutions at the central bank, as well as a 3.1 percent rise in monetary bills and Islamic certificates of the central bank's foreign assets increased to Dh937.5 billion at the end of April, compared to Dh935.2 billion at the end of of the end of April, these foreign assets comprised Dh403.2 billion in bank balances and deposits abroad, Dh490.1 billion in foreign securities, and Dh44.1 billion in other foreign central bank's balance sheet totalled Dh972.3 billion, with liabilities and capital consisting of Dh449.1 billion in current accounts and deposit accounts, Dh279.9 billion in monetary bills and Islamic certificates of deposit, Dh165.2 billion in currency notes and coins in circulation, Dh33.2 billion in other liabilities, and Dh45 billion in capital and reserves. On the asset side, the balance sheet comprised Dh210.9 billion in cash and bank balances, Dh208 billion in deposits, Dh516.8 billion in investments, Dh0.5 billion in loans and advances, and Dh36.2 billion in other assets.
Khaleej Times
20-05-2025
- Business
- Khaleej Times
UAE banks' gross assets up by 1.6% to Dh4,636.8 billion at end of February 2025: Central Bank
The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 1.8%, from Dh965.3 billion at the end of January 2025 to AED982.9 billion at the end of February 2025. The increase was due to Dh4.1 billion growth in currency in circulation outside banks and Dh13.5 billion rise in monetary deposits. According to the apex bank's Monetary & Banking Developments – February 2025, the money supply aggregate M2 increased by 1.8%, increasing from Dh2,319.3 billion at the end of January 2025 to Dh2,361.9 billion at the end of February 2025. M2 increased because of an elevated M1, and Dh25.0 billion rise in Quasi-Monetary Deposits. The money supply aggregate M3 also increased by 0.8%, from Dh2,789.8 billion at the end of January 2025 to Dh2,813.4 billion at the end of February 2025. M3 increased mainly due to the growth in M2, overriding the Dh19.0 billion decrease in government deposits. The monetary base increased by 3.1%, from Dh791.9 billion at the end of January 2025 to Dh816.6 billion at the end of February 2025. The growth in the monetary base was driven by increases of; 3.4% in currency issued, 11.4% in banks & OFCs' current accounts & overnight deposits of banks at CBUAE and 6.2% in monetary bills & Islamic certificates of deposit, overshadowing the 6.1% decrease in reserve account. Gross banks' assets, including bankers' acceptances, increased by 1.6% from Dh4,562.3 billion at the end of January 2025 to Dh,636.8 billion at the end of February 2025. Gross credit increased by 0.9% from Dh2,186.3 billion at the end of January 2025 to Dh2,205.1 billion at the end of February 2025. Gross credit increased due the combined increases in domestic credit by Dh1.7 billion and foreign credit by Dh17.1 billion. The growth in domestic credit was due to increases in credit to the; private sector by 0.7% and non-banking financial institutions by 5.2%. Credit to the public sector (government-related entities) decreased by 2.0%, and credit to the government sector decreased by 1.4%. Banks' deposits increased by 1.2%, from Dh2,840.7 billion at the end of January 2025 to Dh2,874.6 billion at the end of February 2025. The increase in bank deposits was due to the growth in resident deposits by 0.8%, settling at Dh2,625.5 billion and in non-resident deposits by 5.1%, reaching Dh249.1 billion. Within the resident deposits; government-related entities deposits increased by 3.8%, private sector deposits increased by 1.4% and non-banking financial institutions deposits increased by 5.6%, while deposits to the government sector decreased by 4.0% by the end of February 2025.
Al Etihad
07-05-2025
- Business
- Al Etihad
Gross banks' assets up by 1.6% to Dh4,636.8 billion at end of February 2025: CBUAE
7 May 2025 19:23 ABU DHABI (WAM)The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 1.8%, from Dh 965.3 billion at the end of January 2025 to Dh982.9 billion at the end of February 2025. The increase was due to Dh4.1 billion growth in currency in circulation outside banks and Dh13.5 billion rise in monetary to the apex bank's Monetary & Banking Developments – February 2025, the money supply aggregate M2 increased by 1.8%, increasing from Dh2,319.3 billion at the end of January 2025 to Dh2,361.9 billion at the end of February 2025. M2 increased because of an elevated M1, and Dh25.0 billion rise in Quasi-Monetary money supply aggregate M3 also increased by 0.8%, from Dh2,789.8 billion at the end of January 2025 to Dh2,813.4 billion at the end of February 2025. M3 increased mainly due to the growth in M2, overriding the Dh 19.0 billion decrease in government monetary base increased by 3.1%, from Dh791.9 billion at the end of January 2025 to Dh816.6 billion at the end of February 2025. The growth in the monetary base was driven by increases of; 3.4% in currency issued, 11.4% in banks & OFCs' current accounts & overnight deposits of banks at CBUAE and 6.2% in monetary bills & Islamic certificates of deposit, overshadowing the 6.1% decrease in reserve banks' assets, including bankers' acceptances, increased by 1.6% from Dh4,562.3 billion at the end of January 2025 to Dh4,636.8 billion at the end of February credit increased by 0.9% from Dh2,186.3 billion at the end of January 2025 to Dh2,205.1 billion at the end of February 2025. Gross credit increased due the combined increases in domestic credit by Dh1.7 billion and foreign credit by Dh17.1 billion. The growth in domestic credit was due to increases in credit to the; private sector by 0.7% and non-banking financial institutions by 5.2%. Credit to the public sector (government-related entities) decreased by 2.0%, and credit to the government sector decreased by 1.4%.Banks' deposits increased by 1.2%, from Dh2,840.7 billion at the end of January 2025 to Dh2,874.6 billion at the end of February 2025. The increase in bank deposits was due to the growth in resident deposits by 0.8%, settling at Dh2,625.5 billion and in non-resident deposits by 5.1%, reaching Dh249.1 the resident deposits; government-related entities deposits increased by 3.8%, private sector deposits increased by 1.4% and non-banking financial institutions deposits increased by 5.6%, while deposits to the government sector decreased by 4.0% by the end of February 2025.
Hi Dubai
13-03-2025
- Business
- Hi Dubai
UAE's Money Supply Rises to AED 946.4 Billion in December 2024
The Central Bank of the UAE (CBUAE) has reported a significant rise in the country's money supply and banking sector indicators for December 2024. According to the latest Monetary & Banking Developments report, key financial aggregates, including M1, M2, and M3, registered an increase, reflecting robust liquidity and economic activity. Money supply aggregate M1 rose by 2.3%, reaching AED 946.4 billion, driven by an AED 1.1 billion increase in currency circulation and a AED 20.6 billion surge in monetary deposits. Meanwhile, M2 expanded by 1.7% to AED 2,317.5 billion, supported by higher M1 and a AED 17.0 billion increase in quasi-monetary deposits. The broader M3 aggregate edged up 0.4% to AED 2,778.9 billion, despite a AED 27.1 billion decline in government deposits. The UAE's monetary base grew by 4.4%, reaching AED 780.6 billion, primarily due to a 23.7% rise in banks and other financial corporations' (OFCs) current accounts and overnight deposits with CBUAE. The banking sector showed continued expansion, with gross banks' assets climbing 2.4% to AED 4,560.0 billion, while gross credit increased 0.8% to AED 2,181.1 billion. The rise in credit was fueled by an 8.3% jump in foreign credit, counterbalancing a 0.4% decline in domestic credit. Banks' deposits witnessed 1.5% growth, reaching AED 2,847.0 billion, spurred by a 13.9% increase in non-resident deposits and a 0.5% rise in resident deposits. While private sector and non-banking financial institution deposits grew, government sector deposits saw a 5.2% decline. The latest data underscores the UAE's resilient financial sector, with stable liquidity levels and growing foreign investment, setting a positive trajectory for 2025. News Source: Emirates News Agency
