364.8 billion dirhams of capital and reserves of the banking system

Total capital and reserves of the UAE banking system reached AED 364.8 billion in the first half, an increase of 2.7 percent and AED 9.6 billion, compared to AED 355.2 billion at the end of the year. 2018.

The increase in the capital and reserves of the bank reflects the strong financial strength of the Central Bank of the United Arab Emirates, which is the strongest in the Gulf region and the Middle East in general. The general provisions of the banking system increased to AED 35.4 billion, an increase of 13.5% from the beginning of the year to the end of June, as well as special provisions to increase from 90.4 billion to 97.3 billion dirhams during the same period.