Total capital and reserves of banks operating in the country increased by about 39.4 billion dirhams or 10% year-on-year to reach 435.3 billion dirhams at the end of last April, compared to 395.9 billion dirhams at the end of April 2022. .

The UAE Central Bank said in its monthly report that banks’ capital and reserves increased by about 1.6% or the equivalent of 6.7 billion dirhams in the first four months of this year, compared to 428.6 billion dirhams at the end of December last year. , an increase of 1.1% on a monthly basis compared to 430.7 billion dirhams last March.

Banks’ capital and reserves do not include loans/secondary deposits, but they also include profit for the current year, the central bank said.

According to the central bank, national banks account for about 86.4% of the total capital and reserves of banks operating in the country, with a value of 376.1 billion dirhams at the end of last April, compared to about 341.5 billion, a year-on-year increase of 10.1%. Dirhams in April 2022.

The share of foreign banks reached 13.6% of the total capital and reserves of banks operating in the country, at 59.2 billion dirhams at the end of last April, compared to 54.4 billion dirhams in April 2022, an annual increase of 8.8%.

The capital and reserves of Dubai Emirate banks reached 210.3 billion dirhams at the end of last April with an annual growth of 11.4%, while the capital and reserves of Abu Dhabi Emirate banks were around 192.3 billion dirhams, an annual increase of 9.9%, and the capital and reserves of banks in other emirates were around 32.7 billion dirhams. The annual increase is 1.6%.

The capital and reserves of conventional banks in the country stood at about 364.5 billion dirhams at the end of last April, an increase of 10.1% on a year-on-year basis, while the capital and reserves of Islamic banks stood at about 70.8 billion dirhams. About 9.3% on annual basis.