NO. 51


Financial and Banking News

Regional Banking

UAE Bank Assets Totaled $39bn at End 1991

Assets of the 47 banks in the UAE were Dh142bn ($38.7bn) at the end of 1991,compared to Dh129bn ($35.1bn) at the end of 1990, according to the latest AnnualReport of the Central Bank of the UAE. The 9% increase is largely attributableto money returning to the region after the Gulf crisis. Deposits rose toDh73.5bn ($20bn) at the end of 1991, from Dh65.8bn ($17.9bn) a year before....