The UAE’s gross banking assets increased by 1.9% in March 2025, reaching AED4.72tn ($1.29tn), up from AED4.63tn in February, according to the Central Bank of the UAE (CBUAE).

The central bank also reported a 1.6% rise in gross credit, which reached AED2.24tn. The growth was supported by higher lending to the private sector, non-banking financial institutions and government-related entities. Meanwhile, credit extended to the government sector declined slightly by 0.3%.

Total bank deposits rose by 2.3% to AED2.94tn, driven by a 2.4% increase in resident deposits. Within this category, government-related entities increased their deposits by 4.3%, the private sector grew by 3.1% and non-banking financial institutions saw a 5.1% rise, while deposits from the government sector fell by 2.3%.

The monetary base expanded by 2% to AED833.1bn, driven by a notable increase in reserve accounts and a rise in currency issuance.

The figures are part of the Central Bank’s monthly Monetary and Banking Developments report, published on 20 June.