The UAE Central Bank’s balance sheet reached a record AED 750 billion mark at the end of February, marking a historic milestone, the bank said.
This is a 32.5 percent jump in the Central Bank’s general budget, compared to February 2023, the bank said in its balance sheet report for February 2024 released on Monday.
On a monthly basis, the central bank’s balance sheet increased by 1.8 percent – or AED13 billion – compared to AED734.61 billion in January this year.
UAE central bank records AED219.75 billion in investments
Allocations of the central bank’s balance sheet assets included AED321.21 billion for cash and bank balances, approximately AED219.75 billion in investments, AED174.27 billion in deposits, AED1.83 billion in loans and advances, and AED30.56 billion in other assets in February.
On the liabilities and capital side, the balance sheet comprised AED318.46 billion for current and deposit accounts, around AED257 billion for Treasury bills and Islamic certificates of deposit, AED139.36 billion for issued banknotes and coins, AED16.98 billion for capital and reserves, and AED5.82 billion for other liabilities.
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