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CBUAE Total Assets Jump To AED432.6 bn In March |
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The total assets of Central Bank of UAE hiked to a four-decade-time high of AED432.6 bn by the end of March 2019, a growth of 3.5 percent from AED417.7 bn by the end of 2018, CBUAE latest statistics have showed. The significant growth is driven by a rally in deposits to AED133.5 bn by the end of March, up 25 percent from AED106.8 bn in December last year. According to the CBUAE latest statistics, the growth is driven by an improvement in the value of other assets to AED4.00 bn against AED2.61 bn by the end of last year, with investment standing at AED104.22 bn. Cash and bank balances at the CBUAE reached AED187.81 bn in March against AED200.9 bn in December while loans and advances valued at AED3.11 bn. |
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