UAE banking sector records record-high investments of AED 548.5 billion in March

The Central Bank of the United Arab Emirates has reported that bank investments in the UAE reached a historic high of AED 548.5 billion by the end of March.

This represents a year-on-year growth of 16% compared to March 2022, and a month-on-month increase of 1.3% from February 2023. The majority of these investments, accounting for 45.6%, were in securities, amounting to AED 250.1 billion. Held-to-maturity (HTM) securities constituted 43% of the total investments, reaching AED 236.3 billion in March, with a significant year-on-year growth of 74.1%. Bank stock investments amounted to AED 11.9 billion in March, showing a slight increase of 0.8% from December 2022.

News Source: Emirates News Agency