Through the UAE Funds Transfer System (UAEFTS), transfers in the nation’s banking industry totaled Dhs9.528 trillion in the first five months of this year. The value of bank transfers totaled Dhs5.963 trillion, according to Banking Operations Statistics released today by the Central Bank of the UAE (CBUAE). These transfers were split as follows: Dhs1.1 trillion in January, Dhs983.99 billion in February, Dhs1.238 trillion in March, Dhs1.273 trillion in April, and Dhs1.089 trillion in May.
Including Dhs677.65 billion in January, Dhs649.48 billion in February, Dhs791.313 billion in March, Dhs879.94 billion in April, and Dhs836.157 billion in May, the total value of customer transfers exceeded Dhs3.834 trillion.
According to banking operations statistics for May, there were almost 9.6 million cleared checks over the first five months of the year, and the value of checks passed using their photographs topped Dhs603.161 billion.
A total of nearly 2 million checks totaling Dhs131.49 billion were cleared in May alone. Data from the Central Bank shows that during the first five months of this year, cash deposits were Dhs83.9 billion, while cash withdrawals totaled Dhs99.791 billion.
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