FINANCIAL NEWS

UAE government deposits jump 5-month in Nov

03 Jan 2016

(MENAFN) The UAE’s government credits increased to five months high in Nov by recording 8.57 percent month-on-month growth.

However, the deposits decreased 18.8 percent compared to Sep 2014, when it increased to USD 56.67bn.

The UAE’s government deposits surged 1.2 percent to USD 134.07bn in Nov from USD 132.48bn in Oct last year.

In addition, the private sector deposits increased by 5.4 percent in year-to-date period, while government sector tested a negative growth of 6.3 percent.

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