March 5, 2025

FY2024 UAE BANKING PULSE

  • UAE banks continue lending momentum, focus on cost efficiency while managing asset quality
  • Retail lending surged with UAE banks seeing a 19.9 percent growth in retail loans, driving overall lending up by 12.6 percent year-on-year (YoY)
  • Banks continue to expand credit outlay which outpaced deposit mobilization
  • Cost efficiency and asset quality shone as the cost of risk (CoR) hit a 5-year low at 0.5 percent 
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