UAE banks’ assets climb 11.8% YoY in Q3

RIYADH: Total assets held by banks operating in the UAE rose 11.8 percent year on year to 5.81 trillion dirhams ($1.58 trillion) in the third quarter, marking a 4 percent increase from the previous quarter, official data showed.

The figures, released by the Central Bank of the UAE, also showed continued growth in deposits across the banking sector.

Total bank deposits climbed 12 percent annually to 3.57 trillion dirhams, representing a 2.7 percent increase quarter on quarter, state news agency WAM reported.

UAE banking growth aligns with economic expansion outlook

The expansion follows strong growth in the banking sector during the first half of the year.

The Central Bank’s September 2026 Quarterly Economic Review showed that total banking assets had increased 12.5 percent year on year to 5.6 trillion dirhams by the end of the second quarter.