Gross banks’ assets hit Dhs4,878.3b at end of May 2025: Central Bank
- Last updated: August 18, 2025 | 15:58
Gross banks’ assets, including bankers’ acceptances, increased by 2.7% from Dhs4,749.8 billion at the end of April 2025 to Dhs4,878.3 billion at the end of May 2025.
The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.4%, from Dhs1,011.9 billion at the end of April 2025 to Dhs1,015.6 billion at the end of May 2025. The increase was due to Dhs3.4 billion growth in monetary deposits, and Dhs0.3 billion increase in currency in circulation outside banks.
In its Monetary & Banking Developments for May 2025, the CBUAE said that the money supply aggregate M2 increased by 1.6%, from Dhs2,435.6 billion at the end of April 2025 to Dhs2,474.0 billion at the end of May 2025. M2 increased due to an elevated M1, and Dhs34.7 billion increase in Quasi Monetary Deposits.
The money supply aggregate M3 increased by 1.7%, from Dhs2,898.2 billion at the end of April 2025 to Dhs2,948.1 billion at the end of May 2025. M3 increased due to the growth in M2, and Dhs11.5 billion increase in government deposits.
The monetary base increased by 2.2%, from Dhs 819.0 billion at the end of April 2025 to Dhs836.7 billion at the end of May 2025. The increase in the monetary base was driven by increases in: currency issued by 2.1%, reserve account by 29.2%, and in monetary bills & Islamic certificates of deposit by 6.6% overriding the decrease in banks & OFCs’ current accounts & overnight deposits of banks at CBUAE by 48.8%.
Gross credit increased by 1.5% from Dhs2,259.4 billion at the end of April 2025 to Dhs2,293.4 billion at the end of May 2025. Gross credit increased due to the combined growth in domestic credit by Dhs7.1 billion and foreign credit by Dhs26.9 billion. The growth in domestic credit was due to increases in credit to the; government sector by 2.0%, private sector by 0.8%, while credit to the public sector (government-related entities) decreased by 2.4%, and non-banking financial institutions decreased by 2.5%.
Banks’ deposits increased by 1.8%, from Dhs2,965.4 billion at the end of April 2025 to Dhs3,018.5 billion at the end of May 2025. The increase in bank deposits was driven by the growth in resident deposits by 1.9%, settling at Dhs2,741.3 billion and in non- resident deposits by 0.6%, reaching Dhs277.2 billion. Within the resident deposits; government sector deposits increased by 3.4%, private sector deposits increased by 1.9%, and government-related entities deposits increased by 1.3%, while non-banking financial institutions deposits decreased by 6.1% by the end of May 2025.
Meanwhile, Invest bank on Monday announced its financial results for the six-month period ended June 30, 2025, demonstrating strong operational performance and continued balance sheet expansion across all key metrics.
The Bank’s total assets grew by Dhs1.2b year-on-year (+11%), primarily driven by a robust expansion in the loan portfolio (+Dhs1.4b, +32%), reflecting initiation of the diversification journey across business segments. Net loans increased by Dhs1.4b (+32%), with performing assets (Stage 1 & 2) now constituting 44% of gross loans (December 2024: 37%). The Bank maintains a strong provision coverage ratio of around 38% across the portfolio, with stage 3 loans being fully covered, consistent with its December 2024 position.
Customer deposits experienced significant growth of Dhs1.3B (+15% YoY), with CASA deposits increasing by Dhs141M (+6%) and term deposits expanding by Dhs1.2B (+18%). Supporting this growth, the Bank launched two innovative deposit products, iPlus and Cashback deposits, alongside enhanced digital banking solutions.
Edris Al Rafi, Chief Executive Officer of Invest bank, said: “The Bank’s first-half results are a clear reflection of progress. By strengthening our product offering and advancing our strategy, we are building the momentum needed to move forward with confidence and deliver lasting value to our customers and shareholders.” Loans to deposit ratio: 55.4% (FY’24: 51.5%). Advances to stable resources ratio: 68.7% (December 2024: 68.4%) Additionally, Invest bank strengthened its leadership team by electing Mohamed Obaid Rashid Al Shamsi as Vice Chairman. He brings over two decades of distinguished experience in the banking and governmental sectors, with a focus on business development, performance management, growth strategies, compliance, governance, capital reputation enhancement, and client relations. His expertise extends to operations, change management, and stakeholder engagement, positioning him to contribute significantly to Invest bank’s continued growth trajectory.
Commenting on his election, Mohamed Obaid Rashid Al Shamsi, Vice Chairman of Invest bank, said: “I am honored by the trust the Board has placed in me. At this important stage in Invest Bank’s journey, I look forward to working alongside our leadership team to continue building on this positive momentum and guiding the Bank with strength and responsibility.” In line with its customer-focused strategy and commitment to technological advancement, Invest bank is currently developing a new mobile banking application designed to enhance customer experience, provide scalable solutions, and support diversification.
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