Number of banks reached 59.0 banks in 2019 in United Arab Emirates, according to the National Central Bank. This is 1.67 % less than in the previous year.
Historically, number of banks in United Arab Emirates reached an all time high of 61.0 banks in 2017 and an all time low of banks in. When compared to United Arab Emirates's main peers, number of banks in Qatar amounted to 16.0 banks and 25.0 banks in Saudi Arabia in 2019.
United Arab Emirates has been ranked 28th within the group of 140 countries we follow in terms of number of banks, 6 places above the position seen 10 years ago.