Capital and Reserves of UAE Banks Increase by 8.5% to AED 438.6 Billion in January 2023

ABU DHABI, April 17, 2020 / WAM / The total capital and reserves of banks operating in the country increased on an annual basis by about 34.3 billion dirhams, or 8.5%, to reach 438.6 billion dirhams at the end of last January, compared to 404.3 billion dirhams at the end of January 2022.
The Central Bank of the Emirates stated in its monthly report issued today that the capital and reserves of banks increased on a monthly basis by 2.07%, or the equivalent of 8.9 billion dirhams, compared to 429.7 billion dirhams in December 2022.
The Central Bank clarified that the capital and reserves of banks do not include loans / secondary deposits / but they include profits for the current year.
According to the Central Bank, national banks acquired about 86.5% of the total capital and reserves of banks operating in the country, with a value of 379.3 billion dirhams at the end of last January, an annual increase of about 29.1 billion dirhams, or 8.31%, compared to about 350.2 billion dirhams in January 2022. .
The share of foreign banks reached 13.5% of the total capital and reserves of banks operating in the country, with a value of 59.3 billion dirhams at the end of last January, an annual increase of 9.6% compared to 54.1 billion dirhams in January 2022.
The Central Bank indicated that the capital and reserves of the banks of the Emirate of Dubai reached 211 billion dirhams at the end of last January, with an annual growth of 9.5%, while the capital and reserves of banks in the Emirate of Abu Dhabi amounted to about 194.9 billion dirhams, an annual increase of 8.9%, and the capital and reserves of banks in the other emirates reached about 32.7 billion. dirhams.
The capital and reserves of conventional banks in the country amounted to about 366.5 billion dirhams at the end of last January, an increase on a monthly basis by 2.1% and an increase on an annual basis by 8.4%, while the capital and reserves of Islamic banks amounted to about 72.1 billion dirhams, a monthly increase of 21.7% and an annual increase of 8.9%.