The UAE banking sector continued its steady expansion in November, with total bank assets and credit recording solid monthly growth, according to the Central Bank of the UAE.
In its Monetary and Banking Developments report for November 2025, the Central Bank said gross bank assets rose by 0.8 percent to AED5.25 trillion, up from AED5.21 trillion at the end of October. The increase reflects sustained lending activity and higher deposit levels across key sectors of the economy.
Gross credit climbed by 0.7 percent to AED2.53 trillion, supported by gains in both domestic and foreign lending. Domestic credit grew by AED9.0 billion, driven by higher lending to the government sector, private sector, and non banking financial institutions. This increase outweighed a modest decline in credit to government related entities. Foreign credit also expanded, rising by AED8.7 billion over the month.
Banks’ deposits increased by 1.0 percent to AED3.24 trillion. Growth was led by resident deposits, which rose 1.4 percent, while non resident deposits declined by 2.4 percent. Within resident deposits, balances held by the private sector, government related entities, and non banking financial institutions all recorded notable gains.
The monetary base expanded by 1.7 percent to AED850.1 billion, supported by higher reserve balances, currency issuance, and monetary bills and Islamic certificates of deposit, despite a sharp drop in banks’ overnight deposits at the Central Bank.
Money supply trends were mixed. M1 declined by 1.7 percent, while broader aggregates M2 and M3 each increased by 1.5 percent, reflecting growth in quasi monetary deposits and government balances.
News Source: Emirates News Agency
