The capital and reserves of the UAE's banks increased to AED 330.2 billion

Total equity of banks operating in the UAE increased to AED 330.2 billion at the end of the second quarter of 2018, a growth of 4.4 % compared to the same period in 2017.

According to figures released by the UAE Central Bank, the capital adequacy ratio increased by 3.4% in the second quarter of this year against a decline of 0.5% in the corresponding quarter of 2017, but is still much higher than 12.37% With a Tier I capital ratio of at least 8.5%

Banks operating in the UAE began applying the Basel III principles in December 2017 to calculate the capital adequacy ratio based on the Central Bank's guidelines.

Solvency calculates the bank's capital as a percentage of weighted risk exposure for all assets.

The high solvency of banks will ensure the protection of depositors and stabilize the financial stability and efficiency of the financial system in the economy, which is the same objective as that for which the Basel III principles have have been developed.

Total assets of banks operating in the UAE amounted to AED 2.749 billion at the end of the first quarter, up 1.1% over the same period in 2017.

Bank credit increased to AED 1,622 trillion at the end of the second quarter of 2018 with growth of 3.4% over the same quarter of 2017. Deposits also increased to AED 1.684 billion.