AED 2.98 trillion total bank assets during August

Abu Dhabi 22-09-2019
The Central Bank of the United Arab Emirates (UAE) announced that total banking assets including bank acceptances increased by 0.3% from AED 2 trillion and 975.8 billion at the end of July 2019 to AED 2 trillion and 983.4 billion by the end of August 2019 while total bank credit increased by 0.2% from trillion and 705 billion At the end of July 2019 to AED 1 trillion and AED 707.6 billion at the end of August 2019.
Money supply increased by 1.3% from AED 502.7 billion at the end of June 2019 to AED 509 billion at the end of August 2019.
M2 money supply fell 0.1% from AED 363.8 billion at the end of July 2019 to AED 362.4 billion at the end of August 2019.M3 money supply declined by 0.6% from AED 1.62 trillion at the end of July July 2019 to 1 trillion AED 632.2 billion by the end of August 2019.
The increase in money supply is due to a growth of AED 7.2 billion in cash deposits, compared to a decrease of AED 0.9 billion in cash held outside banks. Money supply (M2) declined due to a decrease of AED 7.7 billion in semi-cash deposits, reversing the impact of the increase in money supply (M1), while the decrease in money supply (M3) was due to a decrease of AED 8.9 billion in government deposits.