Latest news with #MonthlyBankingOperationsStatistics
Hi Dubai
14-03-2025
- Business
- Hi Dubai
UAE Banking Transactions Surge to AED19.9 Trillion in 2024, Marking 15.9% Growth
The total value of transactions conducted within the UAE's banking sector through the UAE Funds Transfer System (UAEFTS) soared to AED19.898 trillion in 2024, reflecting a 15.9% year-on-year increase from AED17.159 trillion in 2023, according to the latest data from the Central Bank of the UAE (CBUAE). As per the Monthly Banking Operations Statistics (2019-2024) released by CBUAE, bank transfers climbed by 13.3% to AED12.491 trillion in 2024, compared to AED11.018 trillion in the previous year. Meanwhile, customer transfers surged by 20%, exceeding AED7.4 trillion in 2024, up from approximately AED6.14 trillion in 2023. On a monthly basis, transactions recorded in December 2024 rose to AED1.878 trillion, compared to AED1.707 trillion in December 2023, signifying steady economic activity and digital financial growth. The Image Cheque Clearing System (ICCS) also witnessed a notable expansion, with the total value of processed checks increasing by 5.66% to AED1.334 trillion in 2024, compared to AED1.263 trillion in 2023. Additionally, the number of circulated checks rose to 22.59 million, up from 22.12 million in 2023. This robust growth underscores the UAE's strong banking infrastructure and increasing reliance on digital transactions, reflecting the country's ongoing commitment to financial innovation and economic resilience. News Source: Emirates News Agency
ARN News Center
13-03-2025
- Business
- ARN News Center
UAEFTS processes AED 19.89 trillion in transactions in 2024
The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to AED 19.898 trillion during 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). The figures are a year-on-year increase of 15.9 per cent, compared to transactions totalling AED 17.159 trillion carried out during the same period in 2023. According to the Monthly Banking Operations Statistics (2019- 2024), issued by the CBUAE on Thursday, bank transfers increased by approximately 13.3 per cent to AED 12.491 trillion in 2024, compared to AED 11.018 trillion in 2023. Meanwhile, customer transfers rose by about 20 per cent, surpassing AED 7.4 trillion in 2024, compared to approximately AED 6.14 trillion in 2023. On a monthly basis, the value of transfers increased in December 2024 to approximately AED 1.878 trillion, compared to around AED 1.707 trillion in December 2023. Regarding circulated checks, banking transaction statistics showed a 5.66 per cent increase in the value of checks processed using the Image Cheque Clearing System (ICCS), surpassing AED1.334 trillion in 2024, compared to AED1.263 trillion in 2023. The total circulated checks reached 22.59 million in 2024, compared to 22.12 million in 2023.
Dubai Eye
13-03-2025
- Business
- Dubai Eye
UAEFTS processes AED 19.89 trillion in transactions in 2024
The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to AED 19.898 trillion during 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). The figures are a year-on-year increase of 15.9 per cent, compared to transactions totalling AED 17.159 trillion carried out during the same period in 2023. According to the Monthly Banking Operations Statistics (2019- 2024), issued by the CBUAE on Thursday, bank transfers increased by approximately 13.3 per cent to AED 12.491 trillion in 2024, compared to AED 11.018 trillion in 2023. Meanwhile, customer transfers rose by about 20 per cent, surpassing AED 7.4 trillion in 2024, compared to approximately AED 6.14 trillion in 2023. On a monthly basis, the value of transfers increased in December 2024 to approximately AED 1.878 trillion, compared to around AED 1.707 trillion in December 2023. Regarding circulated checks, banking transaction statistics showed a 5.66 per cent increase in the value of checks processed using the Image Cheque Clearing System (ICCS), surpassing AED1.334 trillion in 2024, compared to AED1.263 trillion in 2023. The total circulated checks reached 22.59 million in 2024, compared to 22.12 million in 2023.
Gulf Today
13-03-2025
- Business
- Gulf Today
UAEFTS processed Dhs19.89 trillion in transactions in 2024
The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to Dhs19.898 trillion during 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). This represents a year-on-year increase of 15.9 per cent, compared to transactions totalling Dhs17.159 trillion carried out during the same period in 2023. According to the Monthly Banking Operations Statistics (2019- 2024), issued by the CBUAE on Thursday, bank transfers increased by approximately 13.3 per cent to Dhs12.491 trillion in 2024, compared to Dhs11.018 trillion in 2023. Meanwhile, customer transfers rose by about 20 per cent, surpassing Dhs7.4 trillion in 2024, compared to approximately Dhs6.14 trillion in 2023. On a monthly basis, the value of transfers increased in December 2024 to approximately Dhs1.878 trillion, compared to around Dhs1.707 trillion in December 2023. Regarding circulated checks, banking transaction statistics showed a 5.66 percent increase in the value of checks processed using the Image Cheque Clearing System (ICCS), surpassing Dhs1.334 trillion in 2024, compared to Dhs1.263 trillion in 2023. The total circulated checks reached 22.59 million in 2024, compared to 22.12 million in 2023.
Al Etihad
13-03-2025
- Business
- Al Etihad
UAEFTS processed Dh19.89 trillion in transactions in 2024
13 Mar 2025 14:54 ABU DHABI (WAM)The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to Dh19.898 trillion during 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).This represents a year-on-year increase of 15.9 percent, compared to transactions totalling Dh17.159 trillion carried out during the same period in to the Monthly Banking Operations Statistics (2019- 2024), issued by the CBUAE on Thursday, bank transfers increased by approximately 13.3 percent to Dh12.491 trillion in 2024, compared to Dh11.018 trillion in 2023. Meanwhile, customer transfers rose by about 20 percent, surpassing Dh7.4 trillion in 2024, compared to approximately Dh6.14 trillion in a monthly basis, the value of transfers increased in December 2024 to approximately Dh1.878 trillion, compared to around Dh1.707 trillion in December circulated checks, banking transaction statistics showed a 5.66 percent increase in the value of checks processed using the Image Cheque Clearing System (ICCS), surpassing Dh1.334 trillion in 2024, compared to Dh1.263 trillion in 2023. The total circulated checks reached 22.59 million in 2024, compared to 22.12 million in 2023.
