At the end of September 2024, there was a decrease in the surplus of deposits on loans to 4.5%, or an equivalent of 28 billion dirhams, compared to 628 billion dirhams at the end of August 2024. Monthly surplus increased by 4.67% or 28 billion dirhams, compared to 600 billion dirhams at the end of September 2024. Thus, by the end of October 2024, the loans-to-deposits ratio (LDR) in the Emirati banking sector reached approximately 128%. "The largest credit surplus of 628 billion dirhams was achieved in the total volume of bank deposits by the end of October 2024," noted Khalid Musa. "The total volume of deposits amounted to 2.802 trillion dirhams, compared to 2.174 trillion dirhams in loans."
