The data of the UAE Central Bank showed that the bank’s total assets decreased by a slight 0.1 percent in the first quarter of this year to 470.02 billion dirhams, compared to 470.53 billion dirhams at the end of 2020.
The reason for this is a 22 percent decline in the value of liquidity and bank accounts to 259.19 billion dirhams, and a 38.5 percent decrease in central deposits to 27.57 billion dirhams, while the increase in the Central Bank's investments by 172 percent compensated for this decrease, as the value of the Central Bank's investments at the end of last March reached about 135.83 billion dirhams, compared to 49.92 billion dirhams at the end of last year.
On the other hand, the value of commitments made by banks to the Central Bank during the first quarter of this year amounted to about 5.23 billion dirhams, which reflects the improvement in the level of liquidity at banks and the start of their recovery from the consequences of the Covid-19 pandemic.
According to the balance sheet data of the UAE Central Bank, the value of central bank loans decreased by 17.3 percent in the first quarter of this year to 25.02 billion dirhams at the end of last March, compared to 30.25 billion dirhams at the end of December 2020.
Source (Al Khaleej Emirati Newspaper, Edited)
