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Net profits of banks operating in the UAE grew by 11.3% between 1 January 2011 to 31 October 2011 to reach AED 24.98 billion, according to the governor of the Central Bank of the UAE Sultan Nasser Al-Suwaidi.
Banks operating in the UAE have enough liquidity to meet the local markets’ demands on loans and financing investments and in doing so they rely on their reserves, deposits and capitals, Suwaidi said in statements.
"Last October, these banks were able to restore balance between loans and deposits and minimize the gap which appeared for the first time last September," Al Suwaidi explained.
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