UAE banks’ assets climb 11.8% YoY in Q3

RIYADH: Total assets held by banks operating in the UAE rose 11.8 percent year on year to 5.81 trillion dirhams ($1.58 trillion) in the third quarter, marking a 4 percent increase from the previous quarter, official data showed. The figures, released by the Central Bank of the UAE, also showed continued growth in deposits across the banking sector. Total bank…