Abu Dhabi – Mubasher: UAE banks have been directing their focus to bonds, which increased their investment in the sector to AED 69.3 billion by the end of February.
Emirati banks are increasing their investment in bonds-before-maturity to maintain durable returns that boost their profits, Emirates News Agency (WAM) revealed, citing a report released by the Central Bank of the UAE.
UAE-based banks' total bonds-before-maturity investments reached AED 313.5 billion in the second month of 2018.
Banks’ investments in bond instrument registered AED 69.3 billion in February, compared to AED 67.8 billion in January, WAM reported.
