UAE banks’ assets rise to AED5.25 trillion by November 2025

Growth in gross credit

According to the Monetary & Banking Developments – November 2025 report, gross credit grew by 0.7%, reaching AED2,532.9 billion at the end of November, up from AED2,515.2 billion in October.

This increase was driven by a combined rise in domestic credit of AED9.0 billion and foreign credit of AED8.7 billion.

Domestic credit developments

The growth in domestic credit reflected increases in lending to the government sector (2.6%), private sector (0.4%), and non-banking financial institutions (3.6%). These gains offset a 1.0% decline in credit to public sector government-related entities.

Increase in banks’ deposits

Banks’ deposits rose by 1.0%, from AED3,203.6 billion at the end of October to AED3,236.6 billion by the end of November 2025.

The rise was mainly due to a 1.4% increase in resident deposits, which reached AED2,971.2 billion, while non-resident deposits declined by 2.4% to AED265.4 billion.

Breakdown of resident deposits

Within resident deposits, government sector deposits increased by 0.6% to AED439.2 billion, private sector deposits rose by 1.2% to AED2,187.3 billion, government-related entities deposits grew by 3.0% to AED282.7 billion, and non-banking financial institutions deposits increased by 3.3% to AED62.0 billion.

Monetary base expansion

The monetary base rose by 1.7%, increasing from AED836.1 billion at the end of October to AED850.1 billion by the end of November 2025.

This growth was driven by increases in reserve accounts (21.5%), currency issued (2.6%), and monetary bills and Islamic certificates of deposit (8.8%), despite a 37.3% decline in banks’ and OFCs’ current accounts and overnight deposits at the CBUAE.

Money supply developments

The money supply aggregate M1 decreased by 1.7%, falling to AED1,048.1 billion, due to a decline in monetary deposits, despite higher currency in circulation outside banks.

In contrast, M2 rose by 1.5% to AED2,669.3 billion, supported by a AED58.2 billion increase in quasi-monetary deposits.

Rise in broad money supply

The broad money aggregate M3 also increased by 1.5%, reaching AED3,216.3 billion by the end of November 2025, driven by the rise in M2 and an additional AED8.6 billion increase in government deposits.