Investments of banks operating in the UAE reached AED580bn ($158bn) at the end of July 2023 according to the latest statistics of the Central Bank.
The figure is the highest level in history and is 18.8 per cent up on the AED487.7bn ($133bn) in July 2022.
On a monthly basis, investments of banks increased by 0.91 per cent, from AED574.3bn in June 2023.
UAE bank investments
Bonds held until maturity accounted for the largest share of banks’ investments, reaching AED266.8bn at the end of July 2023, an increase of 1.3 per cent from the previous month, when it was AED263.3bn.
Debt securities, which represent debts owed to others, made up about 43 per cent of the total investments, reaching AED249.9bn at the end of July 2023, an increase of 0.6 per cent from AED248.5bn in June 2023.
Bank investments in stocks reached AED12.5bn at the end of July 2023, an increase of 3.3 per cent from the previous month, when it was AED12.1bn.
During the first seven months of 2023, bank investments in stocks increased by 5.9 per cent, from AED 11.8bn in December 2022.
According to Central Bank statistics, other investments by banks amounted to AED50.3bn at the end of July 2023, an increase of 12.5 per cent from AED44.7bn in July 2022.
Bank investments do not include the bank’s deposit with the Central Bank of the UAE in the form of certificates of deposit and cash bills.
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