Abu dhabi: Gross banks' assets increased by 2.2 percent from AED5,087.0 billion at the end of August 2025 to AED5,199.9 billion at the end of September 2025, according to the Central Bank of the UAE (CBUAE).
According to Emirates News Agency, the CBUAE reported an increase in money supply aggregate M1 by 0.4 percent, from AED1,028.7 billion at the end of August 2025 to AED1,032.7 billion at the end of September 2025. This increase was due to a rise in currency in circulation outside banks by 1.0 percent and in monetary deposits by 0.3 percent.
The money supply aggregate M2 increased by 1.0 percent, growing from AED2,562.9 billion at the end of August 2025 to AED2,589.3 billion at the end of September 2025. M2's growth was attributed to a AED22.4 billion rise in Quasi-Monetary Deposits.
Money supply aggregate M3 also witnessed a rise of 1.4 percent, increasing from AED3,079.5 billion at the end of August 2025 to AED3,123.3 billion at the end of September 2025. The rise in M3 was due to the increase in M2, along with a AED17.4 billion increase in government deposits.
The monetary base, however, decreased by 2.5 percent, dropping from AED854.1 billion at the end of August 2025 to AED832.5 billion at the end of September 2025. This decline was driven by an 8.9 percent decrease in the reserve account, which outweighed the 0.9 percent increase in currency issued. Additionally, banks and OFCs' current accounts and overnight deposits at CBUAE decreased by 2.4 percent, and monetary bills and Islamic certificates of deposit fell by 0.9 percent.
Gross credit saw a 2.5 percent increase, rising from AED2,417.3 billion at the end of August 2025 to AED2,478.8 billion at the end of September 2025. This growth was due to a combined increase in domestic credit by AED43.9 billion and foreign credit by AED17.6 billion. The increase in domestic credit was driven by rises in credit to the government sector by 0.4 percent, public sector (government-related entities) by 7.2 percent, private sector by 1.5 percent, and non-banking financial institutions by 9.1 percent.
Banks' deposits grew by 1.8 percent, rising from AED3,128.5 billion at the end of August 2025 to AED3,186.0 billion at the end of September 2025. This increase was driven by a 0.7 percent growth in resident deposits, reaching AED2,891.4 billion, and a 14.5 percent rise in non-resident deposits, totaling AED294.6 billion.
Within the resident deposits, government sector deposits decreased by 0.5 percent, and government-related entities deposits decreased by 0.1 percent. In contrast, private sector deposits increased by 0.7 percent, and non-banking financial institutions deposits grew by 13.8 percent at the end of September 2025.