Media ININ Economy We Trust
Media In – Abu Dhabi – First of April
UAE banks continued to focus their investment activity on bonds, raising their total investment in the sector to 69.3 billion dirhams by the end of February, up 6.8 billion dirhams compared to December 2017.
The banks continue to increase their investments in held-to-maturity bonds with the aim of obtaining guaranteed returns that will maximize their revenues by the end of each year and thus increase their profits, according to experts in the banking sector.
By the end of last February, the banks’ balance of investment in bonds until maturity was about 22.1 percent of the total value of their investment in all investment instruments, which amounted to 313.5 billion dirhams, according to the Central Bank of UAE.
In addition to bonds, the list of other investment instruments of banks includes securities that represent debt to others, “debt securities” and shares, along with real estate and other instruments.
In December 2017, the balance of the investment of banks in this type of instruments reached 62.5 billion dirhams, then rose to 67.8 billion dirhams in January of this year. The balance continued to rise up to 69.3 billion dirhams in February of the same year according to As shown by the Central Bank figures.
