UAE Banks Show Strength with Capital & Reserves Surpassing $136 Billion

The United Arab Emirates (UAE) banking sector is displaying robust health, with combined capital and reserves exceeding $136 billion (AED 501.5 billion) as of February 2024. This represents a significant year-on-year increase of 14.4%, highlighting the sector’s resilience and growth trajectory.

The data, released by the Central Bank of the UAE, paints a positive picture of the country’s financial system. The rise in capital and reserves strengthens the banks’ ability to absorb potential losses and provide financing for businesses and individuals.

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