What was the total volume of bank lending in the UAE by the end of July?

By the end of July, total gross credit extended by UAE banks reached **Dh2,798.9 billion**, marking a 1.5 per cent increase for the month.

Which sector was the primary driver of domestic credit growth?

The expansion in domestic credit was largely fuelled by higher lending to the **private sector**, with credit to individuals rising 2.3% and corporate lending increasing 1.1%.

How did non-resident deposits contribute to the overall increase?

Non-resident deposits recorded a significant **6.8 per cent jump**, reaching Dh311.4 billion, which demonstrates continued confidence among overseas depositors in the UAE's banking system.

What was the value of gross bank assets at the end of July?

Gross bank assets in the UAE increased by 1.3 per cent, reaching a total of **Dh5,669.1 billion** by the end of July.

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Economy·25 September 2026

UAE Bank Lending Reaches Dh2.8 Trillion Amidst Non-Oil Economic Boost

Bank lending across the UAE surged by Dh41.2 billion in July, reaching a total of **Dh2.798.9 trillion**, primarily driven by increased private sector borrowing and a rebound in the non-oil economy.

UAE bank lending continued its robust growth in July, with gross credit expanding by 1.5 per cent to hit Dh2.798.9 trillion, according to the latest data from the Central Bank of the UAE (CBUAE).

This credit expansion was observed alongside a significant improvement in the non-oil sector, as the seasonally adjusted UAE Purchasing Managers’ Index (PMI) rose to 52.7 in July. This marks the fastest pace of business condition improvement in four months, attributed to stronger customer demand, easing regional tensions, and increased client spending.

Credit Growth Drivers

The surge in lending was broad-based, with domestic credit climbing 1.4 per cent to Dh2,206 billion and foreign credit increasing 1.8 per cent to Dh592.9 billion. The primary driver of this domestic credit expansion was higher lending to the private sector.

Lending to individuals rose by 2.3 per cent, or Dh13.9 billion, contributing 0.6 percentage points to the overall increase.
Corporate lending also grew by 1.1 per cent (Dh10.9 billion), adding 0.5 percentage points.
Government borrowing increased by 1.7 per cent (Dh4.2 billion).

Deposits and Assets Also Rise

Alongside the increase in lending, deposits held with UAE banks also saw growth, rising 1.1 per cent to Dh3,509.8 billion by the end of July. Resident deposits edged up 0.5 per cent, while non-resident deposits recorded a sharper 6.8 per cent jump to Dh311.4 billion, indicating continued confidence from overseas depositors.

Gross bank assets across the UAE increased by 1.3 per cent to Dh5,669.1 billion by the end of July, with the monetary base expanding 1.2 per cent to Dh792.7 billion.

Frequently asked

Questions, answered

What was the total volume of bank lending in the UAE by the end of July?: By the end of July, total gross credit extended by UAE banks reached **Dh2,798.9 billion**, marking a 1.5 per cent increase for the month.
Which sector was the primary driver of domestic credit growth?: The expansion in domestic credit was largely fuelled by higher lending to the **private sector**, with credit to individuals rising 2.3% and corporate lending increasing 1.1%.
How did non-resident deposits contribute to the overall increase?: Non-resident deposits recorded a significant **6.8 per cent jump**, reaching Dh311.4 billion, which demonstrates continued confidence among overseas depositors in the UAE's banking system.
What was the value of gross bank assets at the end of July?: Gross bank assets in the UAE increased by 1.3 per cent, reaching a total of **Dh5,669.1 billion** by the end of July.

Reported by

Khaleej Times — Real Estate · Google News — UAE Economy & Investment

View original coverage

This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.

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