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FinancialNews
28-06-17
UAE bank investments grow by 8.5pct in May
(MENAFN) The whole value of banking investments in the UAE increased to 8.5 percent or AED23.2bn in May this year.
Accordingly, net investments increased to AED297.5bn with an 8.5 percent year on year increase.
Moreover, the Central Bank of the UAE proclaimed that total banking investments increased by AED700mn in the cited month, growing by 0.2 percent.
In addition, the investments of Emirati banks were dividend at AED190.3bn in securities, AED12.3bn for stocks and AED64.6bn for bonds.
MENAFN2806201700450000ID1095583541
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