Abu Dhabi – Mubasher: Banks’ assets in the UAE, including banks’ acceptances, grew 0.9% to AED 2.8 trillion by the end of August from AED 2.774 trillion the month before, the Central Bank of the UAE said in a report.
Deposits jumped by AED 8 billion due to an AED 2.3 billion rise in residents’ deposits, while non-residents’ deposits went up AED 4.8 billion, the report added.
The Money Supply aggregate M1 fell 1.7% to AED 488.1 billion by the end of August from AED 496.4 billion in the month before.
The Money Supply aggregate M2 levelled down 1.8%, reaching AED 1.28 trillion in August, compared to from AED 1.302 trillion by the end of July.
On the other hand, the Money Supply aggregate M3 grew 0.1% to AED 1.557 trillion by the end of August, from AED 1.556 trillion at the end of the prior month, the central bank's data showed.
