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UAE’s gross banking assets stand at Dhs3.172tr by end of January
16 Mar 2021 A view of the headquarters of the UAE Central Bank in Abu Dhabi. The UAE gross bank assets, including bankers’ acceptances, rallied to Dhs3.172 trillion by the end of January 2021, figures by the Central Bank of the UAE have shown.
Gross credit in the banking system likewise grew from Dhs1.779 trillion by the end of December 2020 to Dhs1.779.2 trillion in January 2021, with total bank deposits going up to Dhs1.876.3 trillion driven by a rise in residents’ savings, from Dhs1.884.5 trillion in December.
In the meantime, the apex bank announced that the Money Supply aggregate M3 edged down to Dhs1.768.7 trillion at the end of January from Dhs1.769.3 in December 2020. In the meantime, Money Supply aggregate M1 increased 2.3 pct to Dhs613.6 billion as compared to December 2020 due to an Dhs1 billion increase in monetary deposits and cash in circulation outside banks. Money
UAE Central Bank, Aurora50 Ink Deal to Boost Gender-Diversity albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Abu Dhabi: The Central Bank of the UAE (CBUAE) has signed a Memorandum of Understanding (MoU) with Aurora50, a social enterprise focusing on achieving gender-balanced boardrooms in the UAE.
The partnership will advance female representation on public and private sector boards consistent with international best practice through knowledge exchange and building a strong pipeline of female talent. As a regulatory authority for licensed financial institutions in the UAE, we are committed to supporting the national agenda through engaging with the nomination committees of the Boards of financial institutions to ensure a fair representation of women on their Boards, as required by the CBUAE Corporate Governance regulation.