AED2983.4 Billion Total Gross Bank Assets in August: Central BankSource: www.export-egypt.com 9/22/2019, Location: Middle East |
|
|
|
|
|
The UAE Central Bank has announced that gross bank assets, including bankers’ acceptances, rose by 0.3 percent, increasing from AED 2975.8 billion at the end of July 2019, to AED2983.4 billion at the end of August 2019.
The gross credit grew by 0.2 percent from AED1705 billion at the end of July 2019, to AED1707.6 billion at the end of August 2019, said a press release issued by the Central Bank on Sunday, The Money Supply aggregate M1 increased by 1.3 percent, from AED502.7 billion at the end of July 2019, to AED509 billion at the end of August 2019. The Money Supply aggregate M2 dropped by 0.1 percent, from AED1363.8 billion at the end of July 2019, to AED1362.4 billion at the end of August 2019. The Money Supply aggregate M3 also decreased by 0.6 percent, from AED1642.5 billion at the end of July 2019, to AED1632.2 billion at the end of August 2019. The rise in M1 was due to growth of AED7.2 billion in Monetary Deposits, dominating an AED0.9 billion reduction in Currency in Circulation Outside Banks. M2 tumbled essentially due to a decrease of AED7.7billion in Quasi-Monetary Deposits, overriding the increase in M1. However, M3 declined due to the reduction in M2 and an AED8.9 billion drop in Government Deposits. During August 2019, total bank deposits decreased by AED14 billion, attributable to an AED7.5 billion reduction in Resident Deposits plus an AED6.5 billion reduction in Non-Resident Deposits. |
|
|
Financials and Investment News in United Arab Emirates >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| United Arab Emirates Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | |
