|22 December, 2019

UAE banks' total investments reach $108bln in November

Debt securities saw a jump of 16.7% year-to-date

Image used for illustrative purpose. A customer makes a transaction at Emirates Bank in Dubai March 7, 2007.

Image used for illustrative purpose. A customer makes a transaction at Emirates Bank in Dubai March 7, 2007.

REUTERS/Mohammed Salem

ABU DHABI- The UAE Central Bank revealed on Sunday that total banking investments reached AED396.2 billion in November.

According to banking indicators released by the Central Bank, debt securities saw a jump of 16.7 percent year-to-date, with a total of AED245.4 billion.

Bank deposits saw a rise of 4.6 percent year-on-year, with a total of AED1.8 trillion in November 2019 compared to AED1.74 trillion for the same month in 2018.

Total banks' reserves at the Central Bank totalled AED309.6 billion, representing a 9.2 percent increase year-on-year.

© Copyright Emirates News Agency (WAM) 2019.