Abu Dhabi – Mubasher: Assets of banks operating in the UAE increased by 6.12%, or AED 167 billion ($45.46 billion), by the end of November.
Total assets recorded AED 2.854 trillion ($776.89 billion) in November, compared to AED 2.687 trillion ($731.43 billion) in the same month a year earlier, according to a report released by the Central Bank of the UAE (CBUAE).
Total banks’ deposits in the GCC country levelled up 7% year-on-year to AED 1.739 trillion in November, while loans went up 4% recording AED 1.653 trillion.
The CBUAE also said that UAE money supply aggregate M1 increased 0.5% month-on-month in November to AED 477.2 billion from AED 479.5 billion.
Meanwhile, M2 went hiked 1.8% at the end of November to AED 128,080.4 billion, versus AED 126,050 billion in October.
On the other hand, M3 edged up 1.8% to AED 1,593.5 billion last month, compared to AED 1,565.9 billion a month earlier.
