December 24, 2012 / 9:51 AM / 5 years ago

TABLE-UAE Oct M3 money supply growth at 15-month high

Dec 24 (Reuters) - Money supply (M3) in the United Arab
Emirates grew 7.6 percent year-on-year at the end of October,
the fastest pace since July 2011 and up from a 6.4 percent rise
in the previous month, central bank data showed on Monday. 
    Bank lending grew 2.8 percent year-on-year in October, up
slightly from 2.6 percent in September.
       
UAE MONEY SUPPLY          END-OCT 12   END-SEPT 12   END-OCT 11 
 M1 change yr/yr (pct)      13.5         14.1          11.8
 M2 change yr/yr             3.2          3.9           2.7
   M2-M1 pct change yr/yr   -1.6         -0.7          -1.0
 M3 pct change yr/yr         7.6          6.4           0.5
 Loans & advances yr/yr*     2.8          2.6           3.4
    NOTE. Data for 2012 estimates subject to revision, (*) net
of provisions. Percentage changes are a Reuters calculation
based on official data.

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