Abu Dhabi [UAE], April 5 (ANI/WAM): The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED 500 billion at the end of January 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). This represents an annual increase of AED 58.2 billion, or 13.3 per cent, from AED 438.6 billion in January 2023. On a monthly basis, capital and reserves increased by 1.7 per cent from AED 488.7 billion in December 2023, an increase of AED 8.1 billion. National banks accounted for 86.5 per cent of the aggregate capital and reserves of the UAE-b…
