UAE banks’ gross assets rise 0.7% to reach $990bn in November: Central Bank 

RIYADH: The gross assets of UAE banks, which includes bankers’ acceptances, increased by 0.7 percent to 3.639 trillion dirhams ($990 billion) at the end of November 2022, compared to the previous month, according to the latest figures published by the Emirates’ central bank.  

The Central Bank of the UAE’s November summary report, published on Jan. 23, noted that gross credit rose by 0.5 percent from around 1.878 trillion dirhams at the end of October 2022 to around 1.887 trillion dirhams at the end of November 2022.