Dubai, UAE – Financial transfers in the UAE banking sector, made through the central bank system, recorded their highest level during the first 10 months of this year.
That is, worth 20 trillion and 45 billion dirhams, 12.049 trillion dirhams included transfers between banks, and 7.996 trillion dirhams between dealers.
The significant increase in the value of money transfers in the banking sector reflects economic activity, confidence in the banking system and financial infrastructure, and flexibility between banking operations.
In addition to the increase in daily financial transactions between companies and individuals and the expansion of commercial activities.
Data issued by the Central Bank showed that the total value of checks cleared through the Central Bank system amounted to 1.2 trillion dirhams for 19 million checks.
High financing for individuals
While withdrawals from the Central Bank during the first 10 months amounted to 201 billion dirhams, offset by deposits worth 187 billion dirhams.
Banks operating in the UAE provided financing to individuals worth 9.5 billion dirhams last October alone.
Their cumulative financing balance reached AED 557.2 billion by the end of the month, compared to AED 547.7 billion at the end of the previous September.
This is a monthly growth of 1.7%.
Individual financing includes personal loans, credit cards, car financing, and private housing construction.
According to the data, total bank financing to the private sector, at the end of last October, recorded one trillion and 477.3 billion dirhams.
Compared to one trillion and 469.9 billion dirhams at the end of last September, a monthly increase of 7.4 billion dirhams, equivalent to a growth of 0.5%.
Increase in precautions
In a related context, capital and reserves in the banking sector rose to reach 578.1 billion dirhams at the end of last October.
Compared to 562.8 billion dirhams at the end of the previous September, a monthly increase of 15.3 billion dirhams, equivalent to a growth of 1.4%.
Special allocations for doubtful debts stabilized at 79.5 billion dirhams at the end of last October.
This is the same level it was at the end of September 2025.
While general allocations to the total loan portfolio of all banks rose, at the end of October, to 38 billion dirhams.
This is compared to 37.9 billion dirhams at the end of last September.
An increase of 100 million dirhams equates to a growth of 0.3% over a month.
