Financial and Banking News
Assets of UAE Commercial Banks Rose to $41.9bn in 1992
Assets of banks operating in the UAE rose by 4% to Dh153.9bn ($41.9bn) at theend of 1992, according to figures produced by the Central Bank of the UAE. Theassets of locally incorporated banks accounted for Dh116.8bn, representing 76%of the total. The figures show a small increase in domestic credit and acorresponding decline in foreign assets. Local deposits also increased....