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FINANCIAL NEWS
Assets of 13 listed banks in UAE increase to USD383bln
22 Jul 2017
(MENAFN) UAE bank”s assets increased to AED1.41tr by the end of H1 of 2017, a growth of 6.8% from AED1.31tr in the mentioned period in 2016.
According to data revealed by the listed 13 banks, an increase by AED963bln in deposits by the end of the same period this year, 8.2 percent up from AED890 billion in the same period last year.
Also the UAE Central Bank report for May showed that the banking sector solvency reached 18.6 percent, reflecting the resilience of the banking system in the country and its conformity with international standards, primarily Basel III, a global, voluntary regulatory framework on bank capital adequacy, stress testing, and market liquidity risk.
MENAFN2207201700450000ID1095647244
MENAFN2207201700450000ID1095647244
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