Recent statistical data, presented by the Central Bank of the UAE, showed that deposits of non-residents in the Emirates increased by 14.6% in the first ten months of 2024, amounting to 259 billion dirhams, reaching 2.578 trillion dirhams by the end of October of the previous year, compared to 2.319 trillion dirhams in the previous year.
Experts note that this significant increase in deposits is partly related to the attractiveness of the UAE banking system, the stability of the banking sector, and the favorable investment environment in the country.
"The data indicates the trust of non-residents in the UAE financial system and their confidence in the perspectives of the country's economic development," emphasized a representative of the Central Bank.
According to specialists, this positive trend signifies that the Emirates remain an attractive financial center capable of ensuring safe and reliable custody of financial assets through its banking system.
