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UAE banks continued their strong growth to reach 3 trillion dirhams at the end of June, adding 209.7 billion euros to their badets during the year (June 2018 – June). 2019). Figures from the Central Bank of the United Arab Emirates (CBE) yesterday showed that the badets of banks operating in the country amounted to 2.95 billion dirhams at the end of June, against 2.74 billion dirhams at the end of June. June 2018, an increase of 7.6% year-on-year.
During the first six months of the year, banks added 90.1 billion euros to EDA, up 3.1% over six months, from 45.7 billion euros in the last year. may be 1.6%.
Banks increased reserves of the Central Bank in the first six months to 305.3 billion dirhams, an increase of 12 billion dirhams, up 4.1% over one semester and 14.3% on a year.
Banks increased their deposit certificates to the Central Bank to 155.8 billion dirhams at the end of June, an increase of 17.6 billion dirhams in the first half of this year, by 12.7 percent on a half-yearly basis and 24.4% over one year.
The loans
The banks raised AED 36.5 billion in loans to the national economy in the first six months of the year, reaching DH 1.69 billion at the end of June, compared with 1.65 billion at the end of June. December, an increase of 36.5 billion, or 2.2%. Loans to the private sector reached AED 1.14 trillion at the end of May, compared to AED 1.13 billion at the end of December 2018, an increase of AED 17.8 billion or 1.6 per cent, of which AED 8.8 billion at the end of December, compared to AED 79.8 billion. At the end of June, an increase of 23 billion dirhams, or 2.9%.
Total public borrowing amounted to 201.6 billion dirhams at the end of June, compared with 191.5 billion at the end of December 2018, an increase of 10.1 billion (5.3 percent). . Personal loans also stabilized at 332.2 billion dirhams on average in May.
deposits
Deposits rose from 1.54 billion AED at the end of December to 1.57 billion AED at the end of June, an increase of AED 35.4 billion or 2.3%, of which 28% in billion dirhams, the highest month in terms of deposits by non-residents, with deposits increasing by 9.7 billion in March and 2.3 billion dirhams in January and February.
Private sector deposits reached AED 1.02 billion versus AED 1 trillion at the end of December, an increase of AED 20.4 billion and 2% growth, while non-resident deposits were from AED 213.4 billion at the end of December 2009 to 8.7%.
General provisions
The general provisions of the bank increased to 35.4 billion dirhams at the end of June, against 31.2 billion end of December 2018, an increase of 4.2 billion and a growth rate of 13.5%.
High investments
Central bank statistics for the month of June show that bank investments reached 367.1 billion dirhams, against 332.8 billion at the end of December, an increase of 34.3 billion, or 10.3 percent. Banks' investments in securities representing third-party debts amounted to 235.3 billion dirhams at the end of June, compared with 210.9 billion dirhams at the end of December, an increase of 24.4 billion dirhams. , an increase of 11.6%.
Investments held to maturity amounted to AED 87.8 billion at the end of June, compared with AED 81.2 billion at the end of December, an increase of 6.6 billion and a growth of 8.1%. %. Capital investment by banks decreased by 100 million dirhams in June, reaching 10.4 billion dirhams at the end of June, against 10.5 billion dirhams at the end of May.
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