Aggregate capital, reserves of UAE-based banks increase to AED500 billion by end of January 2024

The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED500 billion at the end of January 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).This represents an annual increase of AED58.2 billion, or 13.3%, from AED438.6 billi