Today's Edition
ABU DHABI (WAM)
Banking operations statistics released today by the Central Bank of the UAE (CBUAE) showed that the value of transfers executed within the country’s banking sector through the UAE Funds Transfer System (UAEFTS) rose by 15.5 percent during the first two months of this year (January and February), reaching Dh3.4 trillion compared to Dh2.962 trillion during the same period last year.
Of this, the value of transfers executed by banks during the first two months of this year amounted to Dh2.093 trillion, distributed as Dh1.1 trillion in January and Dh983.99 billion in February.
Meanwhile, the value of transfers executed by customers and institutions during the same period reached Dh1.327 trillion, broken down as Dh677.65 billion in January and Dh649.48 billion in February.
As for cheques in circulation, the February banking operations statistics indicated that the value of cheques processed using Image Cheque Clearing System (ICCS) exceeded Dh234.64 billion for 3.875 million cheques in the first two months of the year, compared to Dh216.218 billion for 3.8 million cheques during the same period in 2024.
In February alone, the value of circulated cheques stood at Dh116.165 billion for 1.828 million cheques.
According to Central Bank data, the value of cash withdrawals from the Central Bank during the first two months of the year reached Dh41.131 billion. The value of cash deposits at the Central Bank totalled Dh31.115 billion.
In addition, banking indicators showed that the value of bank investments increased by 2.1 percent on a monthly basis, and 3.1 percent since the start of the year.
As of the end of February, total bank investments reached Dh758.5 billion, compared to about Dh742.9 billion at the end of January, and Dh735.6 billion at the end of last year.
