World News | AED 268.6 Billion in Saving Deposits Held by UAE Banks Until End of June 2023

Abu Dhabi [UAE], August 25 (ANI/WAM): Savings Deposits held by UAE banks, excluding interbank deposits, amounted to AED 268.6 billion by the end of June 2023, according to the latest statistics from the Central Bank of the UAE.

The apex bank's statistics showed these deposits increased by 5.8 per cent on a monthly basis, or AED 14.8 billion.

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The local currency, the UAE Dirham, accounted for the largest share of Savings Deposits, with about 81.6 per cent, or AED 219.17 billion. The share of foreign currencies was 18.4 per cent, with a value of AED 49.44 billion.

Savings Deposits in banks have seen remarkable growth over the past few years. In 2018, these deposits stood at AED 152 billion. This increased to AED 172.2 billion in 2019, AED 215.2 billion in 2020, AED 241.8 billion in 2021, and AED 245.8 billion in 2022. (ANI/WAM)

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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)