Latest news with #AED335.7
Arabian Business
10-04-2025
- Business
- Arabian Business
UAE bank investments rise to $202bn in January 2025
UAE banks reported a 1 per cent month-on-month increase in total investments, rising by AED7.3 billion to reach AED742.9 billion by the end of January. This represents a 16.1 per cent growth compared to January 2024, according to the Central Bank of the UAE 's latest banking indicators. Investments in securities representing debt on others grew to AED332.3 billion, marking a 26.1 per cent annual increase, according to a statement by the Emirates News Agency (WAM). UAE banking sector growth Held-to-maturity bonds reached AED335.7 billion, showing a 7.9 per cent year-on-year growth despite a 1.1 per cent month-on-month decline. Banks' equity investments settled at AED19.1 billion, reflecting a 19.4 per cent annual growth despite decreasing by 1.5 per cent from the previous month. Other investments totalled AED55.8 billion, up 13.2 per cent year-on-year and 2.2 per cent month-on-month. The Central Bank data also revealed that total credit reached AED2.186 trillion, growing by 9.5 per cent annually, while total deposits exceeded AED2.84 trillion after an 11.8 per cent annual increase. Banking assets surpassed AED4.562 trillion by the end of January, showing an 11 per cent year-on-year growth and a marginal 0.1 per cent increase from December. The UAE Funds Transfer System (UAEFTS) processed transfers exceeding AED1.786 trillion in January, growing by more than 18 per cent. This included AED1.109 trillion in interbank transfers and approximately AED677.64 billion in customer transfers. Image-based cheque processing cleared AED118.48 billion across 1.956 million cheques during the month. Cash withdrawals from the Central Bank amounted to AED19.929 billion, while deposits totalled AED15.217 billion.
Hi Dubai
10-04-2025
- Business
- Hi Dubai
UAE Bank Investments Hit AED742.9 Billion in January, Marking 16.1% Annual Surge
Bank investments in the UAE continued their upward trajectory in January 2025, rising by AED7.3 billion month-on-month to reach AED742.9 billion, according to new data from the Central Bank of the UAE. This reflects a robust 16.1% increase compared to January 2024. Debt securities held by banks saw a significant rise, growing 26.1% annually to AED332.3 billion. Meanwhile, held-to-maturity bonds reached AED335.7 billion—up 7.9% year-on-year but down slightly by 1.1% from December 2024. Equity investments posted a strong 19.4% year-on-year gain, despite a 1.5% dip over the month, settling at AED19.1 billion. Other investment categories also showed resilience, climbing 13.2% year-on-year and 2.2% month-on-month to reach AED55.8 billion. This growth in investments coincides with a healthy expansion in the broader banking sector. Total credit extended by banks reached AED2.186 trillion, up 9.5% from the previous year. Deposits followed suit, rising 11.8% annually to surpass AED2.84 trillion. Banking sector assets stood at AED4.562 trillion by the end of January, marking an 11% year-on-year increase and a modest 0.1% uptick from December. In terms of liquidity and transaction activity, the UAE Funds Transfer System (UAEFTS) processed over AED1.786 trillion in January, a jump of more than 18%. This included AED1.109 trillion in interbank transfers and AED677.64 billion in customer transactions. Cheques cleared through image-based systems totalled AED118.48 billion across nearly 2 million cheques. Cash withdrawals from the Central Bank amounted to AED19.929 billion, while deposits reached AED15.217 billion. These figures reflect continued confidence in the UAE's banking sector, underpinned by strong investment appetite and expanding financial activity across key segments. News Source: Emirates News Agency
Zawya
10-04-2025
- Business
- Zawya
UAE banks investments reach $202bln by end of January
ABU DHABI: The total investments of banks operating in the UAE rose by 1 percent month-on-month, increasing by AED7.3 billion in January to reach AED742.9 billion by the end of the month, marking a 16.1 percent year-on-year growth compared to January 2024. According to banking indicators released today by the Central Bank of the UAE, bank investments in securities representing debt on others grew to AED332.3 billion at the end of January, reflecting a 26.1 percent annual increase. Held-to-maturity bonds rose by 7.9 percent year-on-year but declined by 1.1 percent month-on-month, reaching AED335.7 billion. Banks' investments in equities grew by 19.4 percent year-on-year, despite a 1.5 percent monthly decline, to settle at AED19.1 billion. Other investments increased by 13.2 percent year-on-year and 2.2 percent month-on-month, reaching AED55.8 billion at the end of January. This investment performance coincided with a 9.5 percent annual growth in total credit, which reached AED2.186 trillion, while total deposits grew by 11.8 percent annually to exceed AED2.84 trillion. Banking assets increased by 11 percent year-on-year and by 0.1 percent month-on-month to surpass AED4.562 trillion by the end of January. Statistics from the banking operations released today also showed that the value of transfers processed through the UAE Funds Transfer System (UAEFTS) exceeded AED1.786 trillion in January, reflecting a growth of more than 18 percent. This included AED1.109 trillion in interbank transfers and approximately AED677.64 billion in customer transfers. The value of cheques cleared via image-based processing reached AED118.48 billion in January, involving 1.956 million cheques. Cash withdrawals from the Central Bank amounted to AED19.929 billion in January, while deposits totalled around AED15.217 billion.
