UAE banks record credit growth despite interest rate hike khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.
The value of gold reserves of the Central Bank of the UAE (CBUAE) in April 2021 rose to Dhs11.56 billion, a growth of 6.8 per cent or Dhs743 million, compared to Dhs10.817 billion in March 2021.
UAE central bank s foreign assets in Q1 hits $106bn
ABU DHABI, 5 hours, 35 minutes ago The foreign assets held by the Central Bank of the UAE has increased to AED392.4 billion by the end of Q1, up 1.1 per cent over the previous quarter, according to a report by CBUAE. The apex bank ascribed the growth mainly to AED85.9 billion quarterly increases in foreign securities and other foreign assets by 25.7% (AED 9.2 billion), overshadowing a reduction in current account balances and deposits with banks abroad by 26.1% (AED90.7 billion). From March 2020 to March 2021, Central Bank Foreign Assets increased by 0.4%, YoY, added the report. With regards to the country s twin bourses, the report said Abu Dhabi’s quarterly average Financial Market Index rose by 17% during the first quarter of 2021.
Foreign assets up to AED392.4 bn by end of Q1 21: UAE Central Bank
ABU DHABI, 26th May, 2021 (WAM) The foreign assets held by the Central Bank of the United Arab Emirates increased to AED392.4 billion by the end of Q1 21, a QoQ grwoth of 1.1%, a CBUAE report shows.
The apex bank ascribed the growth mainly to AED85.9 billion quarterly increases in foreign securities and other foreign assets by 25.7% (AED 9.2 billion), overshadowing a reduction in current account balances and deposits with banks abroad by 26.1% (AED90.7 billion)
From March 2020 to March 2021, Central Bank Foreign Assets increased by 0.4%, YoY, added the report.