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UAE banking assets rise 4% to AED 5.815 trillion in Q3 2026
Total deposits increased 2.7% quarter-on-quarter to AED 3.568 trillion, while credit grew 5.5% to AED 2.908 trillion.
Total assets of banks operating in the United Arab Emirates rose 4 percent quarter-on-quarter in the third quarter of 2026 to exceed AED 5.815 trillion, recording annual growth of 11.8 percent, according to the quarterly monetary and financial markets report published by the Central Bank of the UAE on 11 November 2026. The figure for the previous quarter stood at AED 5.591 trillion.
Deposit growth across resident and non-resident categories#
Total deposits at UAE banks increased 2.7 percent on a quarterly basis to AED 3.568 trillion, and 12 percent year-on-year. Resident deposits rose 2.2 percent to approximately AED 3.25 trillion, while non-resident deposits climbed 9.1 percent to AED 317.9 billion. Government-related entity deposits contributed around 1.4 percentage points to the quarterly growth in resident deposits, followed by private sector deposits with a contribution of 0.6 percentage points.
Credit expansion and monetary aggregates#
Total credit advanced 5.5 percent quarter-on-quarter to AED 2.908 trillion, and 17.3 percent on an annual basis. In monetary developments for September, M1 money supply reached AED 1.022 trillion, with currency in circulation outside banks at AED 161.6 billion and monetary deposits at AED 860.7 billion. M2 money supply increased 0.6 percent month-on-month to exceed AED 2.938 trillion, while M3 rose 1.2 percent in September to AED 3.508 trillion, supported by government sector deposits which climbed 4.5 percent during the month to AED 570.1 billion.
Reserve positions and interbank activity#
The monetary base stood at AED 801.9 billion, while bank reserve balances held with the central bank increased 31.3 percent to AED 304.7 billion. The central bank's foreign assets totalled AED 956.2 billion at end-September. Interbank transfers during the first nine months of 2026 reached approximately AED 21.734 trillion, of which AED 13.351 trillion were conducted by banks and around AED 8.383 trillion by customers. The number of cheques cleared during the period exceeded 16.241 million, with a total value surpassing AED 990.5 billion.
Sources1 source across 1 domain
- emaratalyoum.comEmarat Al YoumUAE banking assets rose 4% to AED 5.815 trillion in Q3 2026, deposits increased 2.7% to AED 3.568 trillion, credit grew 5.5% to AED 2.908 trillion, and all monetary aggregates and reserve figures as published by the Central Bank of the UAE on 11 November 2026
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