UAE Banks’ Investment up by 10.5 Percent to Dh367.8 Billion

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UAE banks had invested up to Dh35 billion ($9.5 billion) during the first three months of the year, thus taking their aggregate investments to Dh367.8 billion, up 10.5 per cent as compared to the end of 2018, said the Central Bank of UAE citing the first quarter figures.

Debt-bonds accounted for the lion’s share of banking investments, standing at Dh25.4 billion, ratcheting investment in this instrument to Dh236.3 billion by the end of March, up 12 per cent as compared to December 2018, it stated.

Bonds-held-to-maturity came second and valued Dh89.7 billion by the end of Q1, with other funds distributed across other investment vehicles, it added.

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