The Central Bank of the UAE (CBUAE) has released figures revealing that the total investments of banks operating in the country reached 528 billion dirhams at the end of December 2022.
This represents an 11.5 percent annual increase or 54.5 billion dirhams
compared to the same period in the previous year, when the total investments were 473.2 billion dirhams, reported the state news agency, WAM.
Read more: A&M: UAE banks rebound on strength of core interest income
UAE bank investments
The investments of banks operating in the UAE also increased by 3.25 percent or 16.6 billion dirhams on a monthly basis, rising from 511.1 billion dirhams in November 2022, to 527.7 billion dirhams in December 2022.
Bonds were the largest component of the banks’ investments, accounting for 49 percent or 258.5 billion dirhams at the end of December.
This represents a 3.03 percent monthly increase compared to 250.9 billion dirhams in November 2022, said the Central Bank.
The share of banks’ investments in securities held to maturity amounted to 39.6 percent of the total or 208.9 billion dirhams at the end of December, a significant 77.3 percent annual increase compared to 117.8 billion dirhams in December 2021.
Other bank investments totaled 48.3 billion dirhams at the end of December, a 13.4 percent increase over 42.6 billion dirhams in December 2021. This is a 2.3 percent monthly increase from 47.2 billion dirhams in November 2022.
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