UAE banking sector’s financial transfers hit AED 9.5trn in five months

UAE - Mubasher: The UAE Funds Transfer System (UAEFTS) registered AED 9.52 trillion in total transfers during the first five months (5M) of 2025, Emirates News Agency (WAM) cited the Central Bank of the UAE (CBUAE).

Bank transfers amounted to AED 5.96 trillion during the January-May 2025 period, while customer transfers stood at AED 3.83 trillion during the period.

April recorded the highest monthly activity with AED 1.27 trillion in bank transactions and AED 879.94 billion in customer transfers.

Cheque clearances hit AED 603.16 billion across 9.60 million cheques, including AED 131.49 billion from over 2 million cheques only in May.

The data showed that cash withdrawals from the CBUAE totaled AED 99.79 billion, while deposits reached AED 83.90 billion.

UAE banks’ investments recorded AED 788 billion by the end of May.

Mubasher Contribution Time: 20-Aug-2025 11:41 (GMT)
Mubasher Last Update Time: 20-Aug-2025 11:41 (GMT)