UAE bank investments at all-time-high of AED 548.5 bn in March – World News Network


Abu Dhabi [UAE], June 10 (ANI/WAM): Bank investments in UAE hit AED 548.5 billion by the end of March, the highest level in the country’s history, a report by the Central Bank of the United Arab Emirates revealed.
The report, issued on Friday, showed a YoY growth of 16 per cent compared to about AED 472.7 billion in March 2022.
Month over month, these investments climbed by 1.3 per cent from AED 541.4 billion in February 2023.
Securities accounted for the majority of bank investments, around 45.6 per cent, or AED 250.1 billion during the reference period.
Held-to-maturity (HTM) securities accounted for 43 per cent of the total investments, reaching AED 236.3 billion in March, a YoY growth of 74.1 per cent from AED 135.7 billion in March 2022, and a 2.6 per cent monthly increase from AED 230.3 billion in February 2023.
The bank stock investments reached AED 11.9 billion in March, a rise of approximately 0.8 per cent from around AED 11.8 billion in December 2022. (ANI/WAM)

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News


Please enter your comment!
Please enter your name here

Share post:




More like this

Alkem Laboratories Raises Awareness of Rare Lung Diseases on World Rare Disease Day 2024 – World News Network

New Delhi/ Mumbai (Maharashtra) [India], March 1: As the world prepares to observe World Rare Disease Day on February 29, 2024, the focus is on the critical need to tackle rare lung diseases affecting individuals globally. This day serves as a poignant reminder of the challenges faced by those living with rare conditions and emphasizes the urgency of raising awareness, promoting research, and improving access to care for individuals battling rare lung diseases.

JSP receives Social Impact Award 2024 for Sports Welfare Initiatives – World News Network

Bhubaneshwar (Odisha) [India], March 1: Leading steelmaker Jindal Steel & Power (JSP) has been recognised with the prestigious Social Impact Award 2024 in the category of Best Sports Welfare Initiative of the Year. Sandeep Malhotra, IPS, ACP Cyber Cell, Crime Branch, Delhi, presented the award last week. On behalf of JSP, its Group Chief Digital Officer, Indradyumna Datta, received the honour.

“Sunshine 2024” Lights Up Modern Group of Institutes Campus with Joyous Festivities – World News Network

New Delhi [India], March 1: Modern Group of Institutes concluded its much-anticipated annual festival, "Sunshine 2024," with resounding success and jubilation. The four-day extravaganza, held from February 26th to February 29th, 2024, became a canvas of talent, enthusiasm, and camaraderie, showcasing the institute's dedication to holistic development and fostering a vibrant campus culture.

Bharat F&B Con 2024: A Gastronomic Gala – Unveiling Culinary Excellence, Innovation, and Global Celebration! – World News Network

New Delhi [India], March 1: In the vibrant heart of New Delhi, a culinary spectacle is poised to captivate the senses as Bharat F&B Con 2024, presented by the Six Sigma Group and under the visionary leadership of Chairman Colonel Anurag Trivedi, takes center stage at the NSIC Exhibition Complex, Okhla, New Delhi, on April 6th and 7th, 2024. This two-day extravaganza, unfolding from 10:00 AM to 8:00 PM, extends a warm invitation to culinary enthusiasts, seasoned professionals, and food connoisseurs alike, promising an unparalleled journey of taste, innovation, and celebration.
Send this to a friend