Media ININ Economy We Trust
Total investments by banks in the UAE increased during the first four months of the year 2023, by 4.5%, equivalent to 23.5 billion dirhams, to reach 551 billion dirhams, with an increase in April of 2.4 billion dirhams, and 74.2 billion dirhams within 12 months.
According to the data, banks continued to increase their investments in bonds held during April by about 3.5 billion dirhams, bringing their total investments in 4 months to about 30.9 billion dirhams, to rise to 102.1 billion dirhams in 12 months.
The data showed that banks increased their investments in securities by 0.2 billion dirhams in April, and 0.3 billion dirhams in 4 months, to reach 12.1 billion dirhams by the end of last April.
Central Bank data indicated a decline in bank investments in securities that represent debts to others (debt securities), by about 9.6 billion dirhams in 4 months, 1.3 billion dirhams in April, and 28.4 billion dirhams in 12%, to reach 248.8 billion. dirhams.
