UAE’s foreign bank assets rise 7% in October

Abu Dhabi-Mubasher: UAE’s foreign bank assets reached AED 285.48 billion in October, a rise of 6.9% compared with AED 267.11 billion at the end of September, according to recent data of the state’s central bank.

Foreign assets also grew 3.8% over nearly AED 274.87 billion recorded in October 2014.

Money supply aggregate M1 rose by 0.5% from AED 453.6 billion in September to AED 455.7 billion at the end of October.

Money supply aggregate M2 reached AED 1185.1 billion, while money supply aggregate M3 amounted to AED 1340.8 billion.

 

MUBASHER Contribution Time: 23-Nov-2015 07:57 (GMT)