The Central is returning 36 million dirhams to consumers during 2024

In a disclosure of the first of its kind ever, the Central Bank revealed that, as part of its efforts to protect the consumer, he returned 36 million dirhams to consumers, following accurate reviews by the market control sector for a number of licensed financial institutions.

He said that the results led to the issuance of clear directives for the relevant financial institutions concerned, to compensate consumers for fees and amounts deducted or detained from their unlawful assets, by carrying out 152 supervisory inspection operations, last year, an increase of 108% compared to 2023.

This came in the annual report of the central bank for the year 2024, in which it revealed its achievements for the past year, and the initiatives that constituted a qualitative shift in its career, and strengthened its vital role in supporting the national economy.

The “Central” report indicated that the number of male and female citizens working in vital jobs in the financial institutions operating in the country, at the end of last year, reached 7886 employees, recording the highest level to occupy this type of job, with a growth of 20.2% compared to 2023.

The “Central” stressed that the settlement file issues its strategic priorities in 2024, noting that the licensed financial institutions exceeded their goals in Emiratisation, and achieved a growth of 152.9%, by employing 2866 citizens and citizenship.

He indicated that the resettlement rate in the “Central” reached 59.4%, pointing out that the number of resident employees who work with a full -time system reached at the end of last year reached 1026 employees.

According to the “Central” report, the economic performance of the UAE witnessed remarkable growth during the year 2024, where the real GDP of the state achieved a growth of 3.9%, driven by the strong performance of the oil sector and other non -oil sectors, while the central bank’s expectations indicate the acceleration of growth to 4.7% in 2025, which reflects the durability of the national economy and its ability to achieve diversification The target.

The foreign trade of non -oil goods increased by 13.8%, bypassing the 2.8 trillion dirhams barrier, with the support of the prominent role of comprehensive economic partnership agreements.

In turn, the banking system continued to achieve exceptional leaps in the financial indicators of the UAE, as the total assets of the banking sector reached 4.56 trillion dirhams, recording 12.0%growth, which puts the state in the leadership center at the level of the Middle East in terms of the size of bank assets, thus strengthening its established pillars with strong foundations, reflected by high -level levels, distinct profitability, adequate liquidity, and sufficient liquidity, and sufficient liquidity, And stable financial reserves.

The insurance sector, for its part, also recorded a remarkable growth in the total number of premiums, with a value of 64.8 billion dirhams, annual growth of 21.4%.

The “Central” stated in his report that it imposed financial fines on the institutions subject to its control of 124.9 million dirhams, while the number of precautionary inspections carried out by 291 operations, and over the past year reached 258 searches related to the confrontation of money laundering and combating terrorism.

Enhancing the efficiency of the financial sector

The Governor of the Central Bank, Khaled Mohamed Balma, said that the central bank continues from the vision of the wise leadership, and the directives of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the State and Deputy Prime Minister and Chairman of the Presidency Board and Chairman of the Emirates Central Bank of Directors, his efforts to enhance financial and critical stability, develop supervisory and supervisory frameworks, and the leadership leadership in the financial services sector, and added: “Our initiatives have resulted in Our transformational projects, which we launched during the year 2024 to enhance the efficiency and competitiveness of the financial sector, and build a more flexible and sustainable financial system, and these efforts were crowned by winning the Mohammed Bin Rashid Award for Government Excellence in the Leading Federal Category.

• The pace of the real GDP growth of the state is accelerated to 4.7% in 2025.

• 7886 citizens and citizenship in vital functions in banks, at the highest level by the end of 2024.