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FINANCIAL NEWS
UAE banks’ assets up by USD10.34b in Jan-Feb: CB
23 Apr 2012
(MENAFN) UAE’s Central Bank said that in the January-February period, assets of UAE banks grew by USD10.34 billion to USD462.7 billion, from nearly USD452 billion at the end of 2011, reported Emirates 24/7.
The CB added that deposits with the country’s banks rose by USD10.88 billion to USD301 billion at the end of the 2-month period, compared with USD290 billion.
It also said that lending stayed weak in the period, with credit up by only USD272 million to USD291.7 billion.
It is worth noting that the rise in the assets means that UAE banks control the largest assets in the Middle East region, followed by Saudi with USD435 billion.
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