According to the most recent statistics from the Central Bank of the Emirates, savings deposits in the banking sector of the UAE increased to 255.55 billion dirhams at the end of last July, an increase on an annual basis of about 20.4 billion dirhams, or 8. 7%, from about 235.13 billion dirhams in June 2021.
According to statistics, monthly growth in savings deposits was roughly 1. 73 billion dirhams, or 0. 7%, compared to 253.
compared to around 241. 82 billion dirhams at the end of last year 2021, a growth of 13. 7 billion dirhams. 83 billion dirhams in the previous June, while it climbed over the first seven months of this year by 5.7%.
Demand deposits increased to 908. 44 billion dirhams at the end of last July, up 18.7% annually, or 143. 34 billion dirhams, from 765. 1 billion dirhams in July 2021, according to statistics from the Central Bank.
Demand deposits climbed from 848.04 billion dirhams at the end of last year during the first seven months of this year by 7.1%, or 60.4 billion dirhams.
According to a Central Bank bulletin, time deposits reached 548.15 billion dirhams at the end of July last year, up about 2% annually from 537.61 billion dirhams in July 2021, and up about 2.7% from 533 through the first seven months of this year.
At year’s end, 57 billion dirhams were accumulated. Past. .
At the end of July, UAE banks had savings deposits totaling 255.5 billion dirhams.
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