The Central Bank of the UAE published its September 2026 monetary and banking report, showing growth in lending, deposits and money supply. Gross bank credit increased 1.3% over the month to AED 2,908.0 billion, while bank deposits rose 0.9% to AED 3,567.7 billion. Gross bank assets grew 1.3% to AED 5,815.3 billion.
Domestic credit drove the lending expansion, rising 1.6% to AED 2,304.5 billion. Lending to companies increased by AED 10.8 billion and lending to the government by AED 11.1 billion, each contributing 0.5 percentage points to domestic credit growth. Resident deposits increased 0.6% to AED 3,249.8 billion, while nonresident deposits rose 4.1% to AED 317.9 billion. Among resident deposits, government related entities made the largest contribution to growth, with their deposits increasing 9.6% to AED 378.2 billion.
Money supply M2 rose 0.6% to AED 2,938.1 billion, with government related entity deposits contributing 1.1 percentage points to its growth. M3 increased 1.2% to AED 3,508.1 billion, supported by a 4.5% rise in government deposits to AED 570.1 billion. The monetary base stood at AED 801.9 billion, while banks’ reserve balances at the central bank increased 31.3% during the month to AED 304.7 billion.