UAE – Mubasher: Total assets held by banks in UAE, including bankers’ acceptances, rose by 1.1% to AED 3.128 trillion in March from AED 3.095 trillion a month earlier.
In addition, total bank deposits grew by AED 23.8 billion, while gross credit advanced by 1.3% to AED 2.18 trillion in March from AED 1.75 trillion in February, according to data released by the Central Bank of the UAE (CBUAE) on Sunday.
The money supply aggregate M1 levelled up by 2.5% month-on-month (MoM) to AED 542.7 billion in March from AED 529.4 billion.
Meanwhile, the money supply aggregate M2 grew by 2% MoM to AED 1.455 trillion from AED 1.426 trillion in February.
In addition, the money supply aggregate M3 increased by 1.2% to AED 1.714 trillion in March from AED 1.693 trillion in February.
