The investments of UAE banks rose to 493.7 billion dirhams by the end of October

The investments of banks operating in the country increased on an annual basis by 3.5%, to reach 493.7 billion dirhams at the end of last October, an increase equivalent to 16.6 billion dirhams, compared to about 477.1 billion dirhams in October 2021, according to the latest statistics of the UAE Central Bank.

Central Bank statistics issued in the banking indicators report today showed that bank investments increased during the first ten months of last year 2022 by about 20.5 billion dirhams, or 4.3%, compared to 473.2 billion dirhams at the end of December 2021.

Central Bank statistics indicated that bank investments increased on the basis of monthly by 2.15%, or the equivalent of 10.4 billion dirhams, compared to about 483.3 billion dirhams in September 2022.

According to Central Bank statistics, securities representing debts to third parties, “debt bonds”, accounted for the largest share of bank investments by more than 48.6%, reaching 240.1 billion dirhams at the end of last October, an increase on a monthly basis by 0.25% compared to 239.5 billion dirhams in the previous year. The end of September 2022.

The share of banks’ investments in securities held to maturity amounted to about 39.5% of total investments, reaching 195.1 billion dirhams at the end of last October, an increase on an annual basis of 62%, compared to 120.6 billion in October 2021, and an increase on a monthly basis. By about 3.9%, compared to 187.8 billion dirhams in September 2022.

Banks’ investments in stocks reached 11.7 billion dirhams last October, an increase on a monthly basis of about 3.5%, compared to about 11.3 billion dirhams in September 2022, while it decreased on an annual basis by about 14.6%.

According to the Central Bank’s statistics, other investments of banks amounted to about 46.8 billion dirhams at the end of last October, an increase on an annual basis of 1.1%, compared to 46.3 billion dirhams in October 2021, and an increase on a monthly basis by 4.7%, compared to 44.7 billion dirhams in the previous September, and an increase of 9.9% during The first ten months of last year, compared to about 42.6 billion dirhams in December 2021.

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