253.8 billion dirhams of savings deposits in the banking sector at the end of last June

Savings deposits in the banking sector in the country, excluding inter-bank deposits, rose to 253.83 billion dirhams at the end of last June, an increase on an annual basis by 9%, or the equivalent of 20.86 billion dirhams, compared to 232.97 billion dirhams in June 2021, according to the latest statistics of the Central Bank of the Emirates.

Statistics showed that savings deposits increased on a monthly basis by 1.7%, or the equivalent of 4.22 billion dirhams, compared to about 249.6 billion dirhams in the previous May, while they increased during the first six months of this year by 5%, or the equivalent of 12 billion dirhams, compared to 241.82 billion dirhams. Dirhams at the end of last year 2021.

Central Bank statistics indicated that demand deposits rose to 909.97 billion dirhams at the end of last June, an increase on an annual basis by 18.6%, or 142.5 billion dirhams, compared to 767.48 billion dirhams in June 2021.

Demand deposits increased on a monthly basis by 3%, or the equivalent of 27.4 billion dirhams, compared to 882.56 billion dirhams last May, while it increased during the first six months of this year by 7.3%, or the equivalent of 61.9 billion dirhams, compared to 848.04 billion dirhams at the end of the year. Past.

Time deposits reached 551.05 billion dirhams at the end of last June, with a growth on a monthly basis by 4.2%, or the equivalent of 22.4 billion dirhams, compared to about 528.6 billion dirhams in the previous May, while it increased on an annual basis by 0.85%, or the equivalent of 4.6 billion dirhams, compared to about 546.43 billion dirhams in June 2021.

According to the statistics of the Central Bank of the Emirates, time deposits increased during the first six months of this year by 3.3%, or the equivalent of 17.5 billion dirhams, compared to 533.56 billion dirhams at the end of December 2021.

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