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FinancialNews
19-04-20
UAE: gross bank assets for March 2020 records growth of 1.1 percent
(MENAFN) Gross bank assets for March this year had stood at AED3.128 trillion, an expansion of 1.1 percent from the earlier month, according to the UAE Central Bank.
Money supply aggregate M1 had climbed by 2.5 percent last month, standing at AED542.7 billion in comparison with February figures; the M2 figures also rose to AED1.455 trillion, an expansion of two percent from February 2020 aggregates, as said in a statement by the Central Bank.
As for M3 aggregates, March totals showed a rise of 1.2 percent, arriving at AED1.714 trillion in comparison with AED1.694 trillion in the earlier month.
The recorded rise in M1 aggregates was as a result of AED3.7 billion climb in 'currency in circulation outside of banks', said the Central Bank.
MENAFN1904202000450000ID1100047590
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