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FINANCIAL NEWS
UAE banks credits decrease by USD 0.38 million
23 Nov 2015
(MENAFN) UAE banks credits fell down to reach 0.38mn last Oct, in a month-on-month comparison decline to USD 0.39mn, due to a rise of USD 0.73mn in local sums.
Accordingly, the money supply aggregate M3 dropped by 0.1 percent, from USD USD365 billion at the end of Sep, to USD364 billion at the end of Oct 2015.
In addition, money supply aggregate M1 raised by 0.5 percent, from USD 123.4 billion in Sep to touch USD 124 billion at end-Oct.
Moreover; gross bank assets, increased by 0.1 percent to USD403 billion, at the end of Oct in this current year compared with Sep.
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