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Central Bank of UAE. total number of ATM of banks up by 67 to 5,211
11/05/2017 12:49

Central Bank of UAE. total number of ATM of banks up by 67 to 5,211

Central Bank of UAE pubished "United Arab Emirates Monetary, Banking & Financial Markets Developments" report for Q1 2017.

The number of locally incorporated banks remains at 23 banks by the end of the first quarter of 2017, while heir branches decreased from 874 at the end of the first quarter of 2016 to 834 at the end of the same period of 2017. The number of electronic services units of these banks decreased at the end of first quarter of 2017 to 35 from 39 at the end of March 2016. The number of Cash Offices decreasedfrom 90 offices atthe end of March 2016 to 72 offices at the end of March 2017.

The number of GCC banks remains constant during the first quarter of 2017 at 6 banks, with 4 branches. The number of other foreign banks and their branches also remains unchanged at 20 banks and 81 branches at the end of the first quarter of 2017. The number of electronic services units of these banks decreased from 41 units at the end of March 2016 to 29 units at the end of March 2017.

At the end of the firstquarter of 2017, the number of financial institutions licensed by the Central ank i.e., Wholesale Banks, Representative Offices, Finance Companies, Financial Investment Companies, Moneychangers and Offices for Intermediating in Currency Trading & Money Market Operations reached 11, 107, 28, 22, 141 and 11, respectively.

The total number of ATM of banks operating in the UAE reached 5,211 by the end of March 2017,compared to 5,144 at the end of March 2016 (see table 2 for more details).

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