June 10 (Reuters) - Money supply (M3) in the United Arab Emirates grew 10.2 percent from a year earlier in April, down from 10.9 percent at the end of March, central bank data showed on Tuesday.
Bank lending rose 8.3 percent in April after 7.4 percent in March.
UAE MONEY SUPPLY END-APRIL 14 END-MARCH 14 END-APRIL 13
M1 change yr/yr (pct) 26.9 25.8 17.4
M2 change yr/yr 23.6 22.8 5.8
M2-M1 pct change yr/yr 21.7 21.2 0.0
M3 pct change yr/yr 10.2 10.9 9.7
Loans & advances yr/yr* 8.3 7.4 n/a
NOTE. Data for 2014 estimates are subject to revision, * gross.
Starting in February 2014, the central bank began reporting loans and advances on a gross basis instead of net of provisions, which it had previously done.
Percentage changes are Reuters calculations based on official data.
(Reporting by Andrew Torchia; Editing by Catherine Evans) ((andrew.torchia@thomsonreuters.com) (+9715 6681 7277) (Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
Keywords: EMIRATES MONEYSUPPLY/
