Media ININ Economy We Trust
02-05-2019 Media in\ Abu Dhabi
Total value of investments of banks operating in the UAE increased to AED 367.8 billion during the first quarter of 2019, a growth of 10.5% to AED 35 billion compared to the end of 2018, according to figures released by the Central Bank of the UAE.
The figures showed that the bulk of the bank investments focused on debt securities, which attracted about 25.4 billion dirhams of the total investments in the first quarter of this year, which contributed to raising the balance of the investment of the banking system in this tool to about 236.3 billion dirhams at the end of last March and 12% compared to December 2018.
It was noted through the figures that the bonds held to maturity ranked second in the list of investment priorities of the UAE banking system, with a total value of 89.7 billion dirhams during the first quarter of this year compared to 81.2 billion dirhams.
The rest of the investments of the banking system on shares and other investment tools, according to what appeared in the statistics of the Central Bank in his report on the indicators for the sector for the first quarter of this year.
Returning to the details of the movement of investments in debt securities, the banking system has continued to invest in this tool since the beginning of the year as the total balance increased from 207.4 billion dirhams during the month of December 2018 to the level of 210.9 billion dirhams by the end of January this year.
During February, the total balance increased to AED 229.5 billion and continued to rise to 236.3 billion dirhams by the end of March this year.
