By Staff Reporter
The Central Bank of the United Arab Emirates increased its gold reserves by nearly 26 percent in the first five months of 2025, reflecting stronger financial positioning and growing asset diversification.
According to the bank’s latest statistical bulletin, gold holdings reached AED28.93 billion at the end of May, up from AED22.98 billion in December 2024. On a monthly basis, reserves rose 0.49 percent in May compared to April.
The report also highlighted robust growth across deposit categories. Demand deposits climbed to AED1.166 trillion by the end of May, compared to AED1.109 trillion at the close of last year. Of this, AED892.58 billion were in dirhams and AED274.33 billion in foreign currencies.
Savings deposits followed a similar trend, reaching AED359.57 billion from AED317.48 billion over the same period, with the majority held in local currency.
Time deposits surpassed the AED1 trillion mark for the first time, totaling AED1.013 trillion. This included AED614.85 billion in dirhams and AED398.35 billion in foreign currencies.
The figures underline continued confidence in the UAE’s banking system, with both individual and institutional investors contributing to the steady rise in deposits.
News Source: Emirates News Agency
