Bank investments in UAE hit AED541 billion by the end of February this year, the highest level in the country’s history.
This is 15.2 percent higher than the AED 470.1 billion in February last year, a report by the Central Bank of the United Arab Emirates showed.
Securities accounted for the majority of bank investments at around 46 percent – or AED 248.9 billion.
Held-to-maturity (HTM) securities accounted for 42.5 percent of the total investments, reaching AED230.3 billion, a YoY growth of 93.53 percent from AED119 billion in February 2022, and a 4.7 percent monthly increase from AED220 million in January 2023.
The bank stock investments, estimated at AED12 billion in February, however, were 29.4 percent lower from AED17 billion in the same month last year.
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