UAE – 2.68 trillion dirhams, assets of 10 national banks in...

UAE – 2.68 trillion dirhams, assets of 10 national banks in...
UAE – 2.68 trillion dirhams, assets of 10 national banks in...
(MENAFN – Al-Bayan) Source: Date: November 02, 2020 The total assets of 10 national banks jumped to 2.68 trillion dirhams at the end of the first nine months of this year, with a growth rate of 11.4% compared to the same period of the year 2019, according to bank data. National, Dubai Islamic, Ras Al Khaimah National, Fujairah National, Sharjah Islamic, Dubai Commercial, Umm Al Quwain National, Emirates Islamic. The total value of deposits in the ten banks rose to 1.74 trillion dirhams, an increase of 10.7%, and credit facilities grew 5%, up to 1.47 trillion dirhams.

First Abu Dhabi topped the list of the largest banks in terms of assets with 955 billion dirhams, then Emirates NBD 692 billion dirhams, then Abu Dhabi Commercial 409 billion dirhams and Dubai Islamic 299 billion dirhams. Abu Dhabi also came first in terms of the value of deposits with 602 billion dirhams, as well as loans 389 billion dirhams.

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