The Central Bank revealed that the total bank deposits in the UAE exceeded the three trillion dirhams mark for the first time in its history at the end of May 2025, rising from 2.9654 trillion dirhams at the end of April 2025 to 3.0185 trillion dirhams by the end of May, an increase of more than 53 billion dirhams, a growth rate of 1.8%.

The Central Bank attributed the rise in total bank deposits to an increase in residents’ deposits by 1.9% to reach 2.7413 trillion dirhams, and non-residents’ deposits by 0.6% to reach 277.2 billion dirhams. Deposits of the government sector rose by 3.4%, private sector deposits by 1.9%, and deposits of government-related entities by 1.3%, while deposits of non-bank financial institutions decreased by 6.1% at the end of May.

The Central Bank’s report on monetary and banking developments for May 2025 showed that total credit rose from 2.2594 trillion dirhams at the end of April to 2.2934 trillion dirhams in May, an increase of 34 billion dirhams, or 1.5%.

The growth in total credit was due to an increase in foreign credit by 26.9 billion dirhams and local credit by 7.1 billion dirhams, resulting from a 2% rise in government sector credit and 0.8% in private sector credit, while credit to the public sector, private sector, and non-bank financial institutions declined by 2.4%, 2.5%, and 2.5% respectively.

According to the Central Bank, total assets of banks operating in the country, including bank acceptance certificates, exceeded 4.750 trillion dirhams by the end of May 2025, growing 2.7% monthly.

Meanwhile, the Central Bank’s balance sheet value exceeded 974.2 billion dirhams at the end of May 2025 for the first time in its history, with an annual growth rate of 21.5%, compared to 801.9 billion dirhams at the end of May 2024, an increase of 172.3 billion dirhams.

The Central Bank’s balance sheet assets included 196.8 billion dirhams in cash and bank balances in May, 226.4 billion dirhams in deposits, about 513.7 billion dirhams in investments, 500 million dirhams in loans and advances, and 36.8 billion dirhams in other assets.

On the liabilities and capital side, the balance sheet included 443.2 billion dirhams in current and deposit accounts, about 298.5 billion dirhams in cash certificates and Islamic deposit certificates, 168.7 billion dirhams in issued banknotes and coins, 44.2 billion dirhams in capital and reserves, and other liabilities.

At the same time, the Central Bank’s total foreign assets rose to 939.1 billion dirhams at the end of May 2025 for the first time in its history, compared to 766.7 billion dirhams at the end of May 2024, a monthly increase of 1.6 billion dirhams, adding 172.4 billion dirhams in foreign assets over one year.