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FINANCIAL NEWS
UAE bank deposits increase by USD18.2b
08 Feb 2011
(MENAFN) The UAE central bank revealed data that show a total increase of USD18.2 billion in deposits held by all UAE banks in 2010 compared to a year before, as well as an increase of USD3.7 billion in loans, reported Khaleej Times.
Central bank reports show that bank deposits exceeded USD272 billion by the third quarter of 2010. By the end of the year, deposits amounted to USD285.7 billion by the end of 2010 compared to USD267.5 billion by the end of 2009.
Central bank reports also show USD280.7 billion of outstanding loans by the end of 2010 compared to USD277 billion in December 2009.
Central Bank assets hiked by USD23.5 billion as it hit USD437 billion in 2010 compared to USD413.5 billion by the end of 2009.
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