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Total assets held by banks operating in the UAE rose 11.8 per cent year on year to 5.81 trillion dirhams ($1.58trn) in the third quarter, marking a 4pc increase from the previous quarter, official data showed, reports the Arab News.
The figures, released by the Central Bank of the UAE, also showed continued growth in deposits across the banking sector.
Total bank deposits climbed 12pc annually to 3.57trn dirhams, representing a 2.7pc increase quarter on quarter, state news agency WAM reported.
The expansion follows strong growth in the banking sector during the first half of the year.
The Central Bank’s September 2026 Quarterly Economic Review showed that total banking assets had increased 12.5pc year on year to 5.6 trillion dirhams by the end of the second quarter.
The loan portfolio expanded 18.1pc, while deposits grew 14pc over the same period.
The broader economic outlook also points to continued expansion. The Central Bank projected real gross domestic product growth of 10.4pc in 2027, up from 1.6pc in 2026, in its September review.
The stronger outlook is largely underpinned by an expected 26.8pc expansion in hydrocarbon activity, while non-hydrocarbon GDP is forecast to grow 4.9pc.
The newly released WAM statement said: “Deposits from residents grew by 2.2pc to approximately 3.25trn dirhams, while deposits from non-residents rose by 9.1pc to 317.9 billion dirhams.”
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