UAE Central Bank’s Assets Increased by 3 percent

  • Abu Dhabi, United Arab Emirates
  • 19 October 2022
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The balance sheet assets of the Central Bank of the Emirates rose to 496.72 billion dirhams last August, an increase on an annual basis by 3%, or 14.46 billion dirhams, compared to 482.26 billion dirhams in August 2021.

According to the statistics, the balance sheet of the Central Bank of the Emirates increased on a monthly basis by 0.24 percent, or the equivalent of 1.18 billion dirhams, compared to about 495.54 billion dirhams in July 2022. The Central Bank’s budget was distributed on the assets side, at 227.77 billion dirhams for cash and bank balances, in addition to investments preserved to maturity of 174.38 billion dirhams, 54.26 billion dirhams for deposits, 2.55 billion dirhams for loans and advances, and 37.76 billion dirhams for other assets. While the balance sheet was distributed on the liabilities and capital side, amounting to 218.39 billion dirhams for current and deposit accounts, about 145.7 billion dirhams for certificates of deposit and cash bills, 113.23 billion dirhams for issued notes and coins, 14.76 billion dirhams for capital and reserves, and 4.64 billion dirhams for other liabilities.

Source (Emirati Gulf Newspaper, Edited)