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Emirates News Agency – UAE banks invest AED511 bn in November 2022, highest in 13 months

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ABU DHABI, 25th January, 2023 (WAM) — Banks operating in the UAE have invested more than AED511 billion by the end of November 2022, the highest in 13 months, according to the latest statistics from the UAE Central Bank. level (Central Ministry of Commerce).

Statistics from the CBUAE in its Banking Sector Indicators Report released today also showed an annual growth rate of 7.7 per cent, equivalent to AED 36.6 billion, for a total of AED 511 billion by the end of November, compared to AED 474.5 billion in November 2021 Dirham.

Investments by banks increased by AED 37.9 billion, or 8%, in the first 11 months of 2022, compared to AED 473.2 billion at end-December 2021, while increasing by 3.5% on a monthly basis, equivalent to AED 17.4 billion AED 493 at the end of December 2021 and USD 700 million in October 2022.

According to the central bank, third-party debt securities, or bonds, accounted for the largest share of bank investments at more than 49.1 percent, reaching AED 250.9 billion at the end of November, up 4.5 percent on a monthly basis from AED 240.1 billion in the previous year Ram.

Banks’ investments in held-to-maturity securities accounted for around 39.3 percent of total investments, amounting to AED 200.8 billion, by the end of November 2022. This is an annual increase of 76% compared to AED 114 billion in November 2021 and approximately 2.9% monthly compared to AED 195.1 billion in October 2022.

In November 2022, banks’ equity investments totaled AED 12.2 billion, an increase of about 4.3% month-on-month, compared to about AED 11.7 billion in October 2022. A year-on-year decrease of approximately 12.9%.

Statistics also show that other banks’ investments totaled AED47.2 billion as of the end of November last year. Annual growth of 4.7% compared to AED 45.1 billion in November 2021, 0.85% monthly growth compared to AED 46.8 billion in October 2022, and 10.8% in the first 11 months In 2022, about AED 42.6 billion in December 2021.

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