Abu dhabi: The Central Bank of the UAE (CBUAE) announced an increase in gross banks' assets by 1.9%, reaching AED 4,973.3 billion by the end of June 2025. This growth reflects a rise from AED 4,878.3 billion at the end of May 2025.

According to Emirates News Agency, the CBUAE's Monetary and Banking Developments for June 2025 report detailed several key changes in the UAE's money supply aggregates. The money supply aggregate M1 increased by 1.0%, attributed to a rise in currency in circulation outside banks and an increase in monetary deposits.

Money supply aggregate M2 saw a 2.3% rise due to the elevated M1 and a significant increase in Quasi Monetary Deposits. Meanwhile, M3 increased by 1.7%, primarily due to the rise in M2, despite a decrease in government deposits.

The monetary base showed a 2.8% increase, driven by a rise in reserve accounts and a substantial increase in banks and OFCs' current accounts and overnight deposits at CBUAE. This growth overshadowed reductions in currency issued and monetary bills and Islamic certificates of deposit.

Gross credit also rose by 1.8%, driven by growth in both domestic and foreign credit. Domestic credit saw increases in private sector and nonbanking financial institutions credit, although credit to the government and public sector decreased.

Banks' deposits increased by 0.9%, influenced by a rise in resident deposits, which overshadowed a decline in non-resident deposits. Within resident deposits, private sector, government-related entities, and non-banking financial institutions deposits saw increases, while government sector deposits decreased.