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Savings accounts of domestic banks reached AED 115.3 billion in the first five months of the year, an increase of 4.3% to AED 4.8 billion over December 2017.
UAE banks are a clear indicator of the increasing frequency of saving behavior of citizens and residents, in exchange for a decline in consumer behavior, which is positive according to the data of the economic analysis.
Savings behavior of individuals during the month National savings accounts continued to increase in the first quarter of this year, the value of the increase reaching about 3.4 billion dirhams in the first quarter of this year, after reaching 113.9 billion dirhams end of March 2018.
This increase represents about 71% of the total value The growth of the balance of the accounts of savings during the first five months of the year
April and May
The balance of the savings accounts in April increased by 1.84 billion dirhams, according to the Central Bank of the UAE closed at 115.74 billion dirhams. The balance stabilized at the end of May to 115.3 billion dirhams, which reflects the use of some customers to liquidate their accounts in order to derive the best profit from them.
All banks operating in the country and in particular domestic banks are seeking to attract more savings accounts. During large promotional programs in addition to providing attractive returns to customers, which encourages savings.
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