Media ININ Economy We Trust
25-02-2019 Media in\ Abu Dhabi
Banks operating in the UAE increased their investments by about 10 billion dirhams in January, raising the cumulative balance of their investments to 340 billion dirhams, according to the latest statistics released today by the Central Bank of the UAE.
The analysis of the investments of banks showed that they included various investment instruments. The value of investment in securities representing debt to others (bonds) increased from about 211 billion in December 2018 to about 214 billion dirhams at the end of January this year.
The value of bank investments in shares increased from AED 10.2 billion to AED 10.5 billion during the same monitoring period, while its investment in held-to-maturity securities increased from AED 81.2 billion to AED 83.9 billion and other investments from AED 30.7 billion to AED 31.6 billion .
According to statistics, government deposits continued to rise to AED 293.7 billion at the end of January compared to AED 290.3 billion in December 2018.
Total private sector deposits increased from 1.011 trillion dirhams to 1.012 trillion dirhams during the period of monitoring and in the final proceeds, the total deposits of the banking system in the country amounted to about 1.755 trillion dirhams.
On the credit side, the total balance was 1.662 trillion dirhams, of which 1.515 trillion dirhams for domestic credit and 146.8 billion dirhams for credit provided to non-residents, according to statistics.
At the end of January, the bank’s capital and reserves stood at AED 362.2 billion, an increase of AED 7.3 billion compared to AED 354.9 billion in December 2018.
