Banking assets rise by 640 billion dirhams in 9 months, reaching 5.2 trillion by the end of September

Abu Dhabi, November 24 / WAM / Total banking assets exceeded 5.199 trillion dirhams at the end of September 2025, a growth of 2.2% compared to 5.087 trillion dirhams at the end of the previous August, according to the Monetary and Banking Developments Report for September issued today by the Central Bank.

Since the beginning of the year, banking assets have recorded a strong growth of 14%, rising from about 4.559 trillion dirhams at the end of December 2024 to their current levels, equivalent to an increase of about 640.8 billion dirhams over nine months.

The data showed an increase in total credit by 2.5% from about 2.417 trillion dirhams at the end of August to about 2.478 trillion dirhams at the end of September 2025.

This growth is due to an increase in domestic credit by 43.9 billion dirhams and foreign credit by 17.6 billion dirhams.

The increase in domestic credit came as a result of the growth in financing granted to the government sector by 0.4%, the public sector (government-related entities) by 7.2%, and the private sector by 1.5%, in addition to non-banking financial institutions by 9.1%.

Total bank deposits also increased by 1.8% from about 3.128 trillion dirhams at the end of August to 3.186 trillion dirhams at the end of September 2025, supported by an increase in resident deposits by 0.7% to reach more than 2.891 trillion dirhams, and non-resident deposits by 14.5% to reach 294.6 billion dirhams.

According to the report, residents’ deposits witnessed a variation in performance, as government sector deposits decreased by 0.5%, government-related entity deposits decreased by 0.1%, while private sector deposits increased by 0.7%, and non-banking financial institutions deposits increased by 13.8%.

The report indicated a decline in the monetary base by 2.5% from 854.1 billion dirhams at the end of August to 832.5 billion dirhams at the end of September 2025.

This decline came as a result of a decrease in the banks’ reserve account by 8.9%, exceeding the increase in issued currencies by 0.9%, the increase in current accounts and overnight deposits with the Central Bank by 2.4%, and in banknotes and Islamic certificates of deposit by 0.9%.

In terms of cash liquidity, the total money supply “M1” increased by 0.4% from about 1.028 trillion dirhams at the end of August to about 1.032 trillion dirhams at the end of September. This is due to an increase in cash in circulation outside banks by 1% and cash deposits by 0.3%.

The M2 money supply also increased by 1% from about 2.562 trillion dirhams to about 2.589 trillion dirhams, driven by an increase in quasi-cash deposits worth 22.4 billion dirhams.

Likewise, the money supply “M3” increased by 1.4% from about 3.079 trillion dirhams at the end of August to about 3.123 trillion dirhams at the end of September 2025. This expansion is due to the growth of the money supply “M2” supported by an increase in government deposits by 17.4 billion dirhams.

In addition, according to data issued today, the Central Bank’s foreign assets rose to 977 billion dirhams at the end of last September, compared to 972.7 billion dirhams at the end of the previous August.

The Central Bank’s foreign assets, as at the end of September, were distributed at 344.1 billion dirhams in bank balances and deposits with banks abroad, 581 billion dirhams in foreign securities, and 52 billion dirhams in other foreign assets.

The Central Bank’s balance sheet exceeded 1.011 trillion dirhams, distributed in the category of liabilities and capital at 466.2 billion dirhams in current and deposit accounts, 300.4 billion dirhams for cash bills and Islamic certificates of deposit, 165.6 billion dirhams for issued banknotes and coins, and 29.1 billion dirhams for other liabilities, and capital and reserves amounted to 44.2 billion dirhams. One billion dirhams.

As for the Central Bank’s balance sheet – asset class, it was distributed at 221.4 billion dirhams in cash and bank balances, 138.1 billion dirhams in deposits, 607.7 billion dirhams in investments, and 44.7 billion dirhams in other assets.

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