Tuesday 5 November 2024
 
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Term deposits

Term deposits in UAE banks surge 15pc to $52bn

The 6-12 month term deposits in UAE banks surged to around Dh190 billion ($51.7 billion) during the first four months of the year, a 14.9 growth from Dh165.3 billion by the end of 2017, a media report said. The growth is attribute

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UAE cbank logs $173m in 2017 term deposits

The UAE Central Bank's term deposits in 2017 totalled Dh636.2 billion ($173.2 million), accounting for 46.1 per cent of the total deposits which included 415.34 in local currency and an equivalent of Dh220.85 in foreign currency.

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