By Staff Reporter
The value of transfers executed through the UAE Funds Transfer System (UAEFTS) surged to AED9.528 trillion in the first five months of 2025, reflecting the continued strength of the country’s banking sector, according to data released by the Central Bank of the UAE (CBUAE).
Of the total, transfers carried out by banks accounted for AED5.963 trillion. Monthly figures showed AED1.1 trillion in January, AED983.99 billion in February, AED1.238 trillion in March, AED1.273 trillion in April, and AED1.089 trillion in May.
Customer transfers exceeded AED3.834 trillion over the same period, with steady growth peaking at AED879.94 billion in April before easing slightly to AED836.157 billion in May.
Cheque usage remained robust, with AED603.161 billion cleared through digital imaging between January and May. In May alone, AED131.49 billion worth of cheques were processed, covering more than two million transactions.
Cash movements also reflected active banking activity. Withdrawals from the Central Bank totaled AED99.791 billion in the first five months, while deposits reached AED83.9 billion.
The CBUAE further reported a rise in bank investments, which climbed to AED788 billion by the end of May. This represented a 1.8 percent increase from April and a 7.2 percent jump since the end of 2024, underscoring the sector’s resilience and sustained growth momentum.
News Source: Emirates News Agency
