ABU DHABI, Sept 13 (KUNA) -- The aggregated balance sheet of national and foreign banks in the United Arab Emirates (UAE) stood at about 751 billion UAE Dirhams (AED) by the end of last March, said a report on Wednesday.
In its Quarterly January 1 to March 31, 2006, Statistical Bulletin, the Central Bank of the UAE said the aggregated balance sheet of national banks reached about AED 604 billion in comparison to AED 499 billion for the same period in 2005.
The aggregated balance sheet of foreign banks was AED 146 billion from AED 139 billion in 2005.
The total of local assets were AED 187 billion from 157 billion in 2005, while foreign assets reached almost AED 181 billion in comparison to about AED 167 billion.
Domestic credit and investments topped AED 455 billion from AED 372 billion in 2005.
Deposits totaled AED 429 billion in comparison to AED 410 billion in 2005.
By the end of 2005, the UAE achieved a preliminary surplus in the payments balance worth about AED 10 billion in comparison to AED 13 billion by the end of 2004.
One USD equals AED 3.67.
