UAE – Mubasher: The UAE banks increased their investments in debt bonds by 0.24% or AED 600 million to around AED 246 billion in December 2019, compared to AED 245.4 billion in November.
Meanwhile, the banks’ investments in stocks rose by 2.8% or AED 300 million to AED 10.8 billion in December 2019 from AED 10.5 billion in the prior month, according to data issued by the Central Bank of the UAE. Total investments by the UAE banks increased by 0.7% or around AED 2.8 billion to AED 399 billion in December from AED 396.2 billion in November.
UAE Banks’ Credit Facilities
The central bank’s data showed a jump of 13% year-on-year in loans granted by UAE banks to residents to AED 165.3 billion ($44.99 billion) in December last year from AED 146.8 billion ($39.96 billion) in the same month in 2018.
As for non-UAE residents, the granted credit facilities grew by 3.25% month-on-month (MoM) from AED 160.1 billion ($43.58 billion) in November.
