According to the most recent statistics from the Central Bank of the UAE (CBUAE), the investments of banks operating in the UAE hit AED 511B at the end of November 2022, the highest level in 13 months. According to the CBUAE’s figures, which were included in its latest banking indicators report, there was a yearly growth of 7.7%, or AED 36.6B, at the end of November compared to AED 474.5B in November 2021.
Bank investments increased by AED 37.9B, or 8%, in the first eleven months of 2022 compared to AED 473.2B at the end of December 2021, and by 3.5%, or AED 17.4B, each month compared to AED 493.7B in October 2022. According to statistics from the central bank, bonds or securities that are loans to third parties made up more than 49.1% of the investments made by banks as of the end of November, according to WAM, reaching AED 250.9B, up 4.5% on a monthly basis from AED 240.1B the year before.
AED 200.8B or about 39.3% of the investments made by banks were in securities held to maturity as of the end of November 2022. This was a monthly gain of about 2.9% in comparison to AED 195.1B in October 2022 and a yearly increase of 76% over the 114B in November 2021. In November 2022, the banks’ stock holdings reached AED 12.2B, an increase of about 4.3% month over month from AED11.7B in October 2022. Additionally, it dropped by about 12.9% annually.
The figures also revealed that, as of the end of last November, the investments made by the other banks amounted to AED 47.2B. This represented a growth of 10.8% over the first 11 months of 2022, compared to roughly AED 42.6B in December 2021, and an increase of 4.7% annually, compared to AED 45.1B in November 2021, and 0.85% monthly, compared to AED 46.8B in October 2022.
