UAE Banks Record Strong Growth in Non-Resident Financing and Deposits
Banks in the United Arab Emirates witnessed notable activity among non-resident clients, with financing rising by nearly 55% year-on-year, while non-resident deposits increased by around 20% over the same period.
According to the latest data released by the UAE Central Bank, cumulative financing to non-residents surged by more than AED 164.7 billion, rising from AED 302.1 billion in September 2024 to AED 466.8 billion by the end of the third quarter of last year.
Meanwhile, UAE banks attracted approximately AED 91 billion in new non-resident deposits, lifting the total balance from AED 203.5 billion to AED 294.5 billion by September last year.
Data show that non-bank financial institutions represented the largest segment of non-resident financing, with outstanding balances reaching AED 130.5 billion, accounting for about 28% of total non-resident financing. The sector was also a key driver of growth, securing nearly 28% of new financing, equivalent to around AED 46 billion during the year.