Source : WAM
The Central Bank of the UAE (CBUAE) reported that gross banking assets rose by 0.8 percent, increasing from AED 5,208.8 billion at the end of October 2025 to AED 5,251.9 billion by the end of November 2025.
In its Monetary and Banking Developments – November 2025 report released on Monday, the CBUAE said gross credit expanded by 0.7 percent, rising from AED 2,515.2 billion at the end of October to AED 2,532.9 billion at the end of November.
The increase in gross credit was driven by combined growth in domestic credit of AED 9.0 billion and foreign credit of AED 8.7 billion.
Domestic credit growth was supported by higher lending to the government sector, which rose by 2.6 percent, the private sector, which increased by 0.4 percent, and non-banking financial institutions, which expanded by 3.6 percent. These gains outweighed a 1.0 percent decline in credit to the public sector, specifically government-related entities.
Banks’ deposits also recorded growth, rising by 1.0 percent from AED 3,203.6 billion at the end of October 2025 to AED 3,236.6 billion at the end of November. This increase was driven by a 1.4 percent rise in resident deposits, which reached AED 2,971.2 billion, while non-resident deposits declined by 2.4 percent to AED 265.4 billion.
Within resident deposits, government sector deposits increased by 0.6 percent to AED 439.2 billion. Private sector deposits grew by 1.2 percent to AED 2,187.3 billion, deposits from government-related entities rose by 3.0 percent to AED 282.7 billion, and deposits from non-banking financial institutions climbed by 3.3 percent to AED 62.0 billion by the end of November 2025.
The monetary base expanded by 1.7 percent, increasing from AED 836.1 billion at the end of October to AED 850.1 billion at the end of November.
This rise was driven by growth in the reserve account by 21.5 percent, currency issued by 2.6 percent, and monetary bills and Islamic certificates of deposit by 8.8 percent, despite a 37.3 percent decline in banks’ and other financial corporations’ current accounts and overnight deposits held at the CBUAE.
The Central Bank also reported a 1.7 percent decline in the money supply aggregate M1, which fell from AED 1,065.9 billion at the end of October to AED 1,048.1 billion at the end of November. This decrease resulted from a 2.3 percent drop in monetary deposits, which outweighed a 2.2 percent increase in currency in circulation outside banks.
Meanwhile, the money supply aggregate M2 rose by 1.5 percent, increasing from AED 2,628.9 billion to AED 2,669.3 billion over the same period, supported by a AED 58.2 billion increase in quasi-monetary deposits.
Money supply aggregate M3 also grew by 1.5 percent, rising from AED 3,167.3 billion at the end of October to AED 3,216.3 billion at the end of November, driven by higher M2 and an additional AED 8.6 billion increase in government deposits.
