Thursday, April 13, 2023 – 7:22 PM
ABU DHABI, April 13 / WAM / Savings deposits in the country’s banking sector – excluding interbank deposits – increased to 245.537 billion dirhams at the end of last January, an annual increase of about 2.23 billion dirhams, or 0.92%, compared to about 243.31 billion dirhams in January 2022. According to the latest statistics of the UAE Central Bank.
Central Bank statistics showed that savings deposits in banks witnessed a remarkable growth over the past years, increasing from 152 billion dirhams at the end of 2018 to 172.2 billion dirhams in 2019, 215.2 billion dirhams in 2020, 241.8 billion dirhams in 2021, and 245.8 billion dirhams. dirhams in 2022
The statistics showed that demand deposits rose to 914.74 billion dirhams at the end of last January, with an annual growth rate of 5.6% compared to 866.16 billion dirhams in January 2022, an increase equivalent to 48.6 billion dirhams, while it increased on a monthly basis by 0.81% compared to 907.35 billion dirhams in December. 2022.
Demand deposits continued to grow over the past years, increasing from 577.6 billion dirhams at the end of 2018 to 599.6 billion dirhams at the end of 2019, 696.8 billion dirhams at the end of 2020, 848 billion dirhams in 2021, and 907.3 billion dirhams in 2022.
According to the Central Bank’s bulletin, time deposits reached 611.69 billion dirhams at the end of last January, an increase of 19.5% on an annual basis, compared to about 512.04 billion dirhams in January 2022.
Emad Al-Ali / Ramy Samih