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Non-resident deposits in UAE banks exceed loans by AED 20.1bn in 2020

Non-resident deposits in UAE banks exceed loans by AED 20.1bn in 2020
The total balance of non-resident deposits reached AED 202.4bn

UAE - Mubasher: The deposits by non-residents in the UAE-based banks have exceeded their loans by AED 20.1 billion in 2020, the Emirates News Agency (WAM) reported.

The total balance of non-resident deposits reached around AED 202.4 billion in 2020, compared to loans of AED 182.3 billion in the same year. 

The total value of non-resident deposits represented around 10.7% of the total deposits in the UAE banking systems in 2020.

Meanwhile, the non-resident loans accounted for 10.2% of the total loans at UAE banks last year.