According to the most recent data from the Central Bank of the UAE (CBUAE), the total capital and reserves of banks operating in the UAE reached Dhs 495.2 billion at the end of June 2024, a year-over-year (YoY) increase of 10.6% from Dhs 447.8 billion in June 2023.
According to data released today by the apex bank, the capital and reserves of banks in the nation increased by 1.5 percent monthly and 1.2 percent in the first half of the year. The CBUAE clarified that current-year profits are included in banks’ capital and reserves, but subordinated borrowings and deposits are not.
In June 2023, national banks held 86.3 per cent of the nation’s capital and reserves. As of the end of June, their value had increased to Dhs427.5 billion, a 10.6 percent YoY increase from Dhs386.6 billion.
Foreign banks now account for 13.7 percent of all capital and reserves held by banks that operate in the United Arab Emirates. As of the end of June, their value was Dhs67.7 billion, up 10.6 percent year over year from Dhs61.2 billion in June 2023.
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