Dh331.1 billion banking investments in 11 months

By Divi S.

ABU DHABI 8 January 2019: UAE banking investments were on the rise during first 11 months of 2018, amounting to Dh331.1 billion by the end of November, a growth of 6.4 per cent as compared to December 2017, according to the Central Bank of the UAE statistics.

Investment vehicles used by banks include securities, held-to-maturity bonds among other instruments.

According to the CBUAE figures, banking investments increased by 2.5 per cent during Q1, bringing total investments to Dh319bn by the end of March 2018, said Wam.

During Q2, investments picked up by Dh7bn to Dh326bn. In October and November, a total of Dh3.9bn was invested, bringing the total balance to Dh331.1bn.

Securities accounted for the largest share of investments at a total of Dh209bn, while held-to-maturity bonds valued Dh80.7bn. Circa Dh31.1bn was invested across various instruments and Dh10.3bn in equity investments.

Dubai Gazette