Finance & Capital Market

UAE Central Bank's assets surge 4.2pc to $135bn in July

The UAE Central Bank said its balance sheet rose to AED495.54 billion ($134.8 billion) in July, a year-on-year increase of 4.2 percent (or AED19.93 billion), compared with AED475.61 billion in July 2021.
 
According to the bank’s recent statistics issued today, its month-on-month balance sheet rose by 0.84 percent or AED4.13 billion in July 2022, compared with AED491.41 billion in June 2022, reported Wam.
 
The bank’s budget in July was distributed between assets in cash and bank balances valued at AED215.74 billion, investments saved to maturity valued at AED179.25 billion, deposits worth AED65.7 billion, loans and advances totalling AED2.15 billion, and other assets valued at AED32.7 billion.
 
According to the balance sheet, liabilities and capital were distributed between current and deposit accounts valued at AED211.82 billion, certificates of deposit and cash bills worth AED144.84 billion, issued notes and coins worth AED114.94 billion, capital and reserves valued at AED17.87 billion, and liabilities totalling AED6.07 billion.