The UAE’s banking sector recorded financial transfers worth AED9.528 trillion in the first five months of 2025, according to the latest Banking Operations Statistics released by the Central Bank of the UAE (CBUAE).
The report highlighted that bank transfers alone accounted for AED5.963 trillion, distributed across January to May: AED1.1 trillion in January, AED983.99 billion in February, AED1.238 trillion in March, AED1.273 trillion in April, and AED1.089 trillion in May.
Meanwhile, customer transfers contributed AED3.834 trillion during the same period, including AED677.65 billion in January, AED649.48 billion in February, AED791.31 billion in March, AED879.94 billion in April, and AED836.16 billion in May.
Cheque Transactions and Clearing
The value of cheques cleared through the Image Cheque Clearing System (ICCS) exceeded AED603.16 billion from January to May 2025. The total number of cleared cheques reached 9.6 million.
In May alone, the clearing value amounted to AED131.49 billion, covering more than 2 million cheques.
Cash Withdrawals and Deposits
The Central Bank also reported that cash withdrawals from the CBUAE reached AED99.79 billion in the first five months of the year, while cash deposits totaled AED83.9 billion.
Growth in Banking Investments
Banking indicators revealed that the value of banks’ investments rose by 1.8% month-on-month and 7.2% year-to-date, hitting AED788 billion at the end of May. This compares with AED774.3 billion at the end of April and AED734.8 billion at the close of 2024.
The latest figures underscore the resilience and sustained growth of the UAE’s banking sector, which continues to play a pivotal role in supporting the country’s economic expansion and financial stability.
–Input WAM
