UAE – Mubasher: The value of UAE banks' assets jumped to AED 2.729 trillion during the first quarter (Q1) of 2020, standing at 87.2% of the total banking system's assets.

The total assets of the national banks increased by 1.5% to AED 41 billion during the first three months of 2020, when compared to December 2019, according to the statistics of the Central Bank of the UAE (CBUAE).

The foreign banks accounted for 12.8% of the total banking system assets, with a 1.1% growth to AED 399 billion in March 2020, versus its levels in December.

Meanwhile, the national banks granted loans of AED 1.574 trillion in the Q1-2020, representing 80.3% of the total assets, while the foreign banks registered loans of AED 194 billion.

Deposits at national banks totalled around AED 1.633 trillion, or 88.2% of the total deposits, while deposits at foreign banks reached AED 219 billion.