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UAE banks achieve record investments exceeding AED 620 billion


Bank investments in the UAE surpassed the AED 620 billion mark at the end of November 2023, marking the highest level in its history, according to the latest statistics from the Central Bank of the UAE (CBUAE).

He central bankAfghanistan statistics, released in today’s Banking Indicators report, revealed a 21.4 percent year-on-year increase in investments by banks operating in the country, reaching AED 620.2 billion at the end of November last year . This represents an increase equivalent to AED 109.1 billion compared to approximately AED 511.1 billion during the same period in 2022.

According to the apex bank, banks’ monthly investments increased by 3.2 percent, reaching AED 601 billion in October last year, with an increase of AED 19.2 billion in just one month. Furthermore, these investments saw growth of AED 93 billion or 17.6 percent during the first 11 months of the previous year, compared to around AED 527.4 billion at the end of 2022.

Held-to-maturity securities accounted for the majority of bank investments, reaching approximately 48.7 percent, totaling AED302.2 billion at the end of last November. This reflects a monthly increase of 2.93 percent compared to around AED 293.7 billion in October.

Debt securities accounted for approximately 41.4 percent of total investments, amounting to AED 257.1 billion at the end of November. This indicates a monthly increase of around 4.4 percent compared to AED 246.2 billion in October 2023.

At the end of last November, bank investments in equities reached AED 12.3 billion, seeing a monthly increase of 1.65 percent compared to approximately AED 12.1 billion in October 2023. During the first 11 months of the previous year, These investments increased by around 4.2 percent, up from AED 11.8 billion in December 2022.

According central bank According to statistics, other investments by banks amounted to approximately AED 48.5 billion at the end of November last year, reflecting an annual increase of about 2.75 percent, compared to AED 47.2 billion in November 2022.

It is worth noting that bank investments do not include the bank’s deposits in the central bank in the form of certificates of deposit and monetary bills.

News source: Emirates News Agency


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