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FinancialNews


  • 16-03-21

    UAE banks post USD3.5B in individual deposits

    (MENAFN)According to the country’s central bank, Individual drops in UAE banks remained to increase in the last three months of previous year, regardless of a propel of economic challenges created by the pandemic, WAM reported.

    UAE banks posted individual drops of 13 billion dirhams (USD3.5 billion) in the fourth quarter of 2020, – increasing the growing balance of incomes to 493.9 billion dirhams (USD 134,469 billion).

    These drops account for 26.2 percent of the total amount of balance of this type of investment that came into 1.89 trillion dirhams by the end of last year, according to the central bank.

    The remarks followed emerging bank from a global health crisis with many businesses and individual borrowers suffer to refund loans.

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