20.2 billion dirhams, an increase in the investments of UAE banks within 12 months

The investments of banks operating in the country rose on an annual basis by 4.3% to reach 486.4 billion dirhams at the end of last June, an increase equivalent to 20.2 billion dirhams, compared to 466.2 billion dirhams in June 2021, according to the latest statistics of the Central Bank of the Emirates.

Central Bank statistics showed that bank investments rose during the first six months of this year by about 13.2 billion dirhams, or 2.8%, compared to 473.2 billion dirhams at the end of December 2021.

According to statistics, securities that represent debts to others, "debt bonds", accounted for the largest share of banks' investments by more than 56.4%, reaching 275.5 billion dirhams at the end of last June.

The share of banks’ investments in bonds held to maturity amounted to about 30.7% of the total investments, reaching 149.2 billion dirhams at the end of last June, an increase on an annual basis by 26.2% compared to 118.2 billion during June 2021, and an increase on a monthly basis by 0.13% compared to 149 billion dirhams. during May 2022.

Banks’ investments in stocks reached 17 billion dirhams at the end of last June, an increase on an annual basis by 41.7%, equivalent to 5 billion dirhams, compared to about 12 billion dirhams in June 2021, while it increased on a monthly basis by 3.7%, compared to about 16.4 billion dirhams in May 2022. .

According to the Central Bank's statistics, other investments by banks amounted to about 44.7 billion dirhams at the end of last June, an increase during the first six months of this year by 4.9%, compared to 42.6 billion in December 2021.

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