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FINANCIAL NEWS
Foreign assets of UAE banks hit USD83.72b in Sep: CB
22 Jan 2013
(MENAFN) The UAE Central Bank stated that in September 2012, foreign assets of the country’s banks grew by USD5.98 billion to USD83.72 billion, from USD77.70 billion in August, reported Emirates 24/7.
The bank said that foreign liabilities of the UAE’s 23 national banks and 28 foreign units increased to about USD85.41 billion, compared with USD84.70 billion a month before.
It added that securities grew to USD15.48 billion from USD14.56 billion; meanwhile, loans and advances reached USD22.04 billion, up from USD20.54 billion
Asset due from HQ and branches grew from USD8.62 billion to USD13.33 billion.
On the other hand, deposits with banks abroad decreased to nearly USD29.69 billion from USD31.27 billion.
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