UAE banks held $144bn (AED527.7bn) in total investments at the end of last year.
The Central Bank of the UAE released figures showing that the total investments of banks operating in the country reached a historic high at the end of December 2022.
This represents an 11.5% annual increase or AED54.5bn compared to the same period in the previous year, when the total investments were AED473.2bn.
UAE bank investments
The investments of banks operating in the UAE also increased by 3.25% or AED16.6bn on a monthly basis, rising from AED511.1bn in November 2022, to AED527.7bn in December 2022.
Bonds were the largest component of the banks’ investments, accounting for 49% or AED258.5bn at the end of December.
This represents a 3.03% monthly increase compared to AED250.9bn in November 2022, said the Central Bank.
The share of banks’ investments in securities held to maturity amounted to 39.6% of the total or AED208.9bn at the end of December, a significant 77.3% annual increase compared to AED117.8bn in December 2021.
Other investments of banks totalled AED48.3bn at the end of December, an annual rise of 13.4% compared to AED42.6bn in December 2021.
This represents a 2.3% monthly increase compared to AED47.2bn in November 2022.
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