The Central Bank of the UAE published its monetary and banking developments report for June 2026, showing continued monthly growth in credit, deposits and broad money. Gross bank credit rose by AED 24.7 billion, or 0.9%, to AED 2,757.8 billion, while bank deposits increased by 0.3% to AED 3,472.8 billion. Gross banking assets stood at AED 5,593.8 billion at month-end. Foreign credit increased by 3.5% to AED 582.4 billion and accounted for most of the overall credit expansion, while domestic credit rose by 0.2% to AED 2,175.4 billion. Resident deposits grew by 1.2% to AED 3,181.2 billion, supported by private-sector, government and government-related entity deposits. M2 increased by 0.8% to AED 2,876.6 billion, M3 rose to AED 3,426.3 billion and the monetary base stood at AED 783.5 billion.
Central Bank of the UAE2026-08-14
Central Bank of the UAE reports 0.9% credit growth and 0.3% deposit growth in June
The Central Bank of the UAE reported that gross bank credit rose by 0.9% to AED 2,757.8 billion in June 2026, driven mainly by a 3.5% increase in foreign credit. Bank deposits grew by 0.3% to AED 3,472.8 billion, while M2 increased by 0.8% to AED 2,876.6 billion.