Investor Presentaiton

CBUAE Classification: Public 3rd Quarter 2022 [UNITED ARAB EMIRATES MONETARY, BANKING & FINANCIAL MARKETS DEVELOPMENTS] Banking Sector Development 1- Banks Operating in the UAE At the end of the third quarter of 2022, the number of locally incorporated banks remained unchanged at 23 banks. The branches of these locally incorporated banks decreased to 506 branches at the end of September 2022. The number of electronic banking service units of these banks rose to 44 units at the end of the third quarter of 2022. The number of Cash Offices also remained constant at 21 Cash Offices at the end of September 2022. The number of GCC banks continue to remain steady at the end of third quarter of 2022 at 6 banks, and one wholesale GCC Bank. The branches of these banks also remains constant at 6 branches at the end of September 2022. The number of other foreign banks also remains unchanged at 21 banks with 68 branches. The number of electronic banking service units of these banks increased to 22 units at the end of the third quarter of 2022. The number of cash offices of these banks also remains consistent at one cash office during the third quarter of 2022. The technological and structural advancements in the UAE financial sector has resulted in increased accessibility of mobile banking applications, online banking and ease in the use of automated teller machines (ATM) for the past several years. These improvements continue to pay off by enhancing smooth operations of the banking system. At the end of the third quarter of 2022, the number of financial institutions licensed by the Central Bank, i.e., Wholesale Banks, Representative Offices, Finance Companies, Moneychangers and Offices for Intermediating in Currency Trading & Money Market Operations reached 10, 73, 18, 86 and 3, correspondingly. The total number of ATM of banks operating in the UAE reached 4,376 by the end of September 2022. CBUAE November 2022 Page 3

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