deposits

UAE-based banks attracted over 54 billion dirhams ($14.7 billion) in short-term deposits during the first five months of the year, marking an 8.9 percent increase from December 2023, official data showed. According to the latest data…
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The UAE banking sector has demonstrated growth and stability in recent months. According to the latest data, the total value of savings deposits held by banks surged by 8.4 percent year on year, reaching 294.66 billion dirhams, equivalent…
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Saudi banks’ total deposits reached SR2.54 trillion ($677 billion) in February, marking a 10.26 percent increase from the same month last year, the official data showed. Analysis conducted on the data released by the Saudi Central Bank…
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Increased inflows from government-related entities helped banks in Saudi Arabia reduce liquidity pressure in 2023, according to Fitch Ratings. In its latest report, the credit rating agency noted that deposits from GREs surged by 23…
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Saudi banks’ money supply saw an 8 percent year-on-year expansion in September, reaching SR2.66 trillion ($710 billion), according to the Kingdom’s central bank, also known as SAMA. Term deposits, a significant contributor to this…
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The Cuban government, in a reversal of a ban enacted in 2021, has given the green light to US dollar deposits into the local banking system as the Caribbean island nation undergoes an economic crisis. “From this moment on, financial and…
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