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FINANCIAL NEWS
10 UAE banks post USD475bn assets in Q1
22 Apr 2017
(MENAFN) The whole assets of 10 UAE banks increased to USD467bn by the end of Q1 this year, an increase of 9.3 percent growth from Dh1.6tr in the same period of 2016.
The increase is attributable to growth in the value of bank deposits posted amid the cited quarter of the year, which reached Dh1.11tr, a 4.4 percent increase over the same period of 2016.
Moreover, the banks continue to book robust growth despite the state of deceleration witnessed by the banking sector globally.
Additionally, a total of Dh23bn in loans was offered over the cited period of the year by the banks whose Q1 financial statements were disclosed.
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