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Friday, 28 October 2016

UAE bank deposits up by Dh30b | GulfNews.com

UAE bank deposits up by Dh30b | GulfNews.com:

"Total bank deposits in the UAE increased by Dh30.2 billion in September 2016 due to an Dh11.4 billion increase in resident deposits and an Dh18.8 billion increase in non-resident deposits, the Central Bank of the UAE said.
Banks in the UAE have been reporting slower growth in deposits over the past few quarters amid tighter liquidity conditions and lower government deposits due to falling oil prices.
First Gulf Bank (FGB), for example, on Wednesday reported flat deposits in the first nine months of 2016, while National Bank of Abu Dhabi recorded a 3.3 per cent increase in customer accounts and other deposits."



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