Gross banks’ assets rise 0.8% to Dhs5,251.9b by November 2025

The Central Bank of the UAE (CBUAE) revealed that gross banks’ assets, increased by 0.8 percent from Dhs5,208.8 billion at the end of October 2025 to Dhs5,251.9 billion at the end of November 2025.

In the Monetary & Banking Developments - November 2025 report, issued by the CBUAE on Monday, the Bank said that the gross credit increased by 0.7 per cent from Dhs2,515.2 billion at the end of October 2025 to Dhs2,532.9 billion at the end of November 2025.

Gross credit increased due to the combined growth in domestic credit by Dhs9.0 billion and in foreign credit by Dhs8.7 billion.

The growth in domestic credit was due to the increases in credit to the; government sector by 2.6 per cent, in the private sector by 0.4 per cent, and in credit to the non-banking financial institutions by 3.6 per cent overshadowing the decrease in credit to the public sector (government-related entities) by 1.0 per cent.

Banks’ deposits increased by 1.0 per cent, from Dhs3,203.6 billion at the end of October 2025 to Dhs3,236.6 billion at the end of November 2025. The increase in banks’ deposits was driven by the growth in resident deposits by 1.4 per cent, reaching Dhs2,971.2 billion, while non- resident deposits decreased by 2.4 per cent, at Dhs265.4 billion.

Within the resident deposits; government sector deposits increased by 0.6 percent, reaching Dhs439.2 billion, private sector deposits increased by 1.2 per cent reaching 2,187.3 billion, government-related entities deposits increased by 3.0 percent reaching Dhs282.7 billion, and non-banking financial institutions deposits increased by 3.3 per cent reaching Dhs62.0 billion, at the end of November 2025.

The monetary base increased by 1.7 per cent, from Dhs836.1 billion at the end of October 2025 to Dhs850.1 billion at the end of November 2025.

The increase in the monetary base was driven by the growth in: reserve account by 21.5 per cent, in currency issued by 2.6 percent, in monetary bills & Islamic certificates of deposit by 8.8 percent, overshadowing the decrease in banks & OFCs current accounts & overnight deposits of banks at CBUAE by 37.3 per cent.

The Central Bank also announced a decrease in money supply aggregate M1 by 1.7 per cent, from Dhs1,065.9 billion at the end of October 2025 to Dhs1,048.1 billion at the end of November 2025. The decrease was due to a decrease in monetary deposits by 2.3 per cent overriding the increase in currency in circulation outside banks by 2.2 per cent.

The money supply aggregate M2 increased by 1.5 per cent, from Dhs2,628.9 billion at the end of October 2025 to Dhs2,669.3 billion at the end of November 2025. M2 increased due to Dhs58.2 billion growth in Quasi-Monetary Deposits.

Money supply aggregate M3 also increased by 1.5 per cent, from Dhs3,167.3 billion at the end of October 2025 to Dhs3,216.3 billion at the end of November 2025. M3 increased due to an increase in M2, amplified by Dhs8.6 billion increase in government deposits.

WAM