Thursday 22 August 2019
bank assets

UAE bank assets surge to $762bn in August

The UAE gross bank assets amounted to Dh2.8 trillion ($762 billion) by the end of August 2018, 4 per cent up from Dh2.694 trillion by the end of December 2017, a media report said. Gross credit increased to around Dh1.633 trillion


10 UAE banks report assets of over $475bn in Q1

The total assets of 10 UAE banks jumped to Dh1.75 trillion ($476 billion) by the end of Q1 2017, a 9.3 per cent growth from Dh1.6 trillion recorded over the same period last year, according to a new report. The growth in assets of


Oman money supply up 5.6pc in Jan-Oct

Omani money supply grew 5.6 per cent in January-October to OR7.78 billion ($20.21 billion) from the same period a year ago, central bank data has showed. Money supply measured as M2 includes time and savings deposits, margins and foreign c


Bahrain banking assets to grow 25pc

The total assets of Bahrain's wholesale banks will grow at a rate of 15 to 20 per cent over the next three years, according to a Securities and Investment Company (Sico) report. In an extensive report, Sico said its retail banking assets w

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