September 25, 2018 / 6:57 AM / 3 months ago

UAE bank loan growth edges up in August, government deposits climb

    Sept 25 (Reuters) - Annual bank lending growth in the United
Arab Emirates accelerated slightly in August, central bank
figures showed.
            
UAE MONEY SUPPLY           END-AUG 18   END-JULY 18   END-AUG 17
 
 
 M1 change yr/yr (pct)           -1.0          -0.2          4.2
     
 M2 change yr/yr                  2.7           3.0          5.2
 M2-M1 pct change yr/yr           5.1           5.1          5.9
 M3 pct change yr                 7.3           6.6          6.9
 Loans & advances yr/yr*          3.4           3.2          2.0
    
    NOTE. * gross. 
    Bank deposits rose 0.5 percent month-on-month to 1.703
trillion dirhams because of a 10.2 percent increase in
government deposits to 276.1 billion dirhams, while total
resident deposits edged up 0.2 percent to 1.502 trillion dirhams
and non-resident deposits increased 2.4 percent to 200.9
billion.

 (Reporting by Andrew Torchia;
Editing by Alison Williams)
  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below