Abdu Dhabi – Mubasher: Governmental deposits in the UAE’s Islamic banks rose by 13.6% or AED 5.9 billion during the first quarter of 2017, according to a data released by the Central Bank of the UAE.
Government deposits amounted to AED 49.6 billion at the end of March, compared to AED 43.7 in the same period in 2016.
On a monthly basis, the deposits grew 3.8%, or AED 1.8 billion, registering AED 49.6 billion in March 2017, compared to AED 47.8 billion in February 2017.
Government deposits in traditional banks climbed 0.9%, or AED 1.3 billion, to reach AED 144.4 billion during the first quarter of 2017, compared to AED 143.1 billion in the last quarter of 2016.
While government deposits in traditional banks fell 4.6%, or AED 6.9 billion, on a monthly basis to AED 144.4 billion from AED 151.3 billion at the end of February.
