Bank deposits made by UAE’s public and private sectors amounted to Dh41.4 billion ($11.27 billion) at the end of the first quarter (Q1) of the year, according to recent statistics by the UAE Central Bank.

Driven by improved operating efficiency, public sector deposits were up by Dh23.8 billion at the end of Q1, while the private sector deposits stood at Dh17.6 billion over the same period, reported WAM, the Emirates official news agency.

Credits offered to the trade and industrial sectors were valued at Dh3.6 billion over the first three months of the year, while personal loans stood at Dh1.1 billion for the same period.

The loans to stable resources ratio rose to 85.4 per cent by end of March from 84.8 per cent in February, with liquid assets ratio, which is equal to the total liquid asset at banks, inclusive mandatory reserve requirements, amounting to 16.8 per cent of total assets.

The capital adequacy ratio amounted to 18.6 per cent by the end of the first quarter of 2017, 16.9 per cent of which exceeded the requirements of BASEL III Agreement, the report said.

Total banking loans to trade and industrial sectors increased from Dh727.8 billion by end of 2016 to Dh731.4 billion by the end of March, while personal loans rose for the same period from Dh348.2 billion to Dh 349.3, according to the Central Bank statistics.

Total private sector deposits rose from Dh980.7 billion by end of 2016 to 998.3 billion in March, with total deposits of the public sector, government institutions and departments, were up from Dh168.2 billion to Dh192 billion during the same period.