‎UAE bank assets at AED 5.6T in May

‎<p class="ckeCaption" ><span ><span ><img src="https://argaamplus.s3.amazonaws.com/cd30db8e-4101-4a35-9486-8ba1c8843f91.png" ></span></span>Banking activity in the UAE continued to expand in May, supported by strong growth in assets, deposits, and credit.</p> <hr> <p>Bank assets in the UAE reached AED 5,633.1 billion at the end of May 2026, up 15.5% year-on-year (YoY) and increased by around AED 63 billion month-on-month (MoM), according to the latest statistics from the Central Bank of the UAE.</p> <p><br> Bank deposits reached AED 3,463.4 billion by May 2026, up 15% YoY and AED 6.1 billion from April.</p> <p></p> <p>Total credit increased to AED 2,733.1 billion at the end of May, up 19.2% YoY and by AED 12.4 billion from the previous month, on an AED 13.8 billion increase in local credit, primarily driven by higher lending to the private sector.</p> <p></p> <p>According to the central bank, the money supply aggregate "M1" – which comprises currency in circulation outside banks, plus monetary deposits (current and demand accounts with banks) – stood at AED 1,053.5 billion at the end of May.</p> <p></p> <p>Currency in circulation outside banks stood at AED 167.6 billion, while monetary deposits were stable at AED 885.9 billion. The money supply aggregate "M2" remained stable near AED 2,853.9 billion at the end of May.</p>

Publication

Argaam - UAE News · Trade Publication

Published

29th July 2026

Original report

argaam.com

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