The UAE banking sector’s liquid assets exceeded AED 800 billion by the end of Q2 2024, the latest data showed.
This is a 20.2 per cent rise from the same year-ago period.
According to the latest statistics released by the Central Bank of the UAE (CBUAE), on a quarter-on-quarter (QoQ) basis, the increase in the value of the banking sector’s liquid assets during the period is only two per cent – or AED 14.9 billion.
The value of liquid assets in the banking sector accounted for 18.9 per cent of the banking sector’s total assets of AED 4.244 billion at the end of Q2 2024, up from 18.8 per cent at the end of the first quarter of this year.
The central bank report said the UAE banking system is well-capitalised, with a total capital adequacy ratio of 18.3 per cent at the end of Q2 2024, up from 18 per cent at the end of Q1 2024 and 17.9 per cent at the end of Q4 2023.
This is well above the stipulated minimum capital adequacy ratio of 13 per cent, which includes a capital buffer of 2.5 per cent and a minimum Tier 1 capital ratio of 8.5 per cent.
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