UAE Gold Reserves Experienced a 7% Growth in January, Reflecting an Enhancement in Bank Deposits and Reserves Stability
The Central Bank of the UAE (CBUAE) has released its latest financial indicators, providing a snapshot of the UAE's banking sector's performance up to April 2025.
The UAE banking sector's net international reserves saw a significant increase, rising to AED1.466 trillion in January 2025, an increase of AED20 billion from AED1.446 trillion in December 2025. This growth underscores the resilience and stability of the UAE's financial sector amid global economic uncertainties.
Foreign currency savings totaled AED51.48 billion by the end of January 2025, while local currency accounted for approximately AED270.79 billion of the total savings deposits. Of the total demand deposits, AED834.9 billion was held in local currency and AED281.5 billion in foreign currencies. The banking system in the UAE continues to enjoy confidence, as indicated by the growth in demand deposits, which reached over AED1.116 trillion by the end of January 2025.
Savings deposits in the UAE reached AED322.281 billion by the end of January 2025. Fixed-term deposits stood at AED926.22 billion, with AED552.47 billion in local currency and AED373.74 billion in foreign currencies.
The CBUAE's Monthly Statistical Bulletin for January 2025 also indicated steady growth across key deposit categories in the UAE. The figures from the report reinforce investor confidence in the UAE's financial sector and strengthen the country's monetary position.
However, specific figures for gold reserves and net international reserves were not disclosed in the latest reports. Despite this, the growth in the UAE banking sector's net international reserves is a testament to the resilience of the UAE's financial sector amid global economic uncertainties.
The UAE’s banking sector remains strong with sustained credit growth, improved asset quality, and a positive economic outlook. Anticipating GDP growth of 4.4% in 2025 and 5.4% in 2026, the sector is poised for continued growth and stability.
In conclusion, the latest CBUAE data reflect robust credit expansion and deposit growth, underscoring the resilience and strength of the UAE's financial sector amid global economic uncertainties. The growth in the UAE banking sector's net international reserves serves as a beacon of confidence in the UAE's financial sector, signaling a strong and stable monetary position for the country.
- The growth in the UAE banking sector's net international reserves, reaching AED1.466 trillion in January 2025, showcases the strength and resilience of the banking sector within the UAE's finance industry.
- The UAE's financial sector, as indicated by the growth in demand deposits and sustained credit growth, continues to be a significant component of the overall economy, with reasonable expectations of a 4.4% GDP growth in 2025 and 5.4% in 2026.
