RIYADH: The UAE banking sector has demonstrated impressive growth and stability in recent months. According to the latest data, the total value of savings deposits held by banks surged by 8.4 percent year on year, reaching 294.66 billion dirhams, equivalent to approximately $80.2 billion. Of these deposits, 247.49 billion dirhams were held in local currency, while 47.17 billion dirhams were in foreign currencies.