In January 2024, Dubai banks experienced a 12.8 billion dirham increase in their assets, reaching a total of 1.81 trillion dirhams by the end of the month. This represented a growth of 0.7% compared to December 2023. Meanwhile, Abu Dhabi banks added 26.2 billion dirhams to their assets, reaching 1.975 trillion dirhams by the same time. However, other UAE banks experienced a decline of 5.1 billion dirhams in assets, totaling 315.1 billion dirhams by the end of January.
On an annual basis, Dubai banks saw an increase of 12.4%, reaching a total of 1.818 trillion dirhams by the end of January 2023, while Abu Dhabi banks also experienced an increase of
