Nov 27 (Reuters) - Annual bank lending growth in the United Arab Emirates edged up to 6.0 percent in October from 5.9 percent in September, central bank data showed.
NOTE. * gross. Year-earlier figures are slightly revised.
Bank deposits dropped 0.4 percent from the previous month to 1.503 trillion dirhams in October because of a 5.3 percent fall in government deposits. Non-resident deposits edged up 0.3 percent.
Percentage changes are Reuters calculations based on official data.
(Reporting by Andrew Torchia; Editing by Mark Potter) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
UAE MONEY SUPPLY | END-OCT 16 | END-SEPT 16 | END-OCT 15 |
M1 change yr/yr (pct) | 3.7 | 4.2 | 4.8 |
M2 change yr/yr | 3.1 | 3.6 | 5.1 |
M2-M1 pct change yr/yr | 2.8 | 3.3 | 5.3 |
M3 pct change yr/yr | 3.2 | 3.5 | -0.8 |
Loans & advances yr/yr* | 6 | 5.9 | 7.7 |
NOTE. * gross. Year-earlier figures are slightly revised.
Bank deposits dropped 0.4 percent from the previous month to 1.503 trillion dirhams in October because of a 5.3 percent fall in government deposits. Non-resident deposits edged up 0.3 percent.
Percentage changes are Reuters calculations based on official data.
(Reporting by Andrew Torchia; Editing by Mark Potter) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))