Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE's total bank deposits up 1.1% in Aug: CB  Join our daily free Newsletter

MENAFN - 12/10/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) The UAE's Central Bank said that at the end of August, total bank deposits rose by 1.1 percent from a month before, reaching around USD306 billion, reported Emirates 24/7.

The bank said that money supply M0 (currency in circulation currency at banks) went up by 1.1 percent to USD15.16 billion from USD14.99 billion.

It added that money supply aggregate M1 (currency in circulation plus monetary deposits) dipped by 0.5 percent to USD77.57 billion, compared with USD77.95 billion at the end of July.

Furthermore, money supply aggregate, M3 (M2 plus government deposits at bank operating in the UAE and the Central Bank) edged up by 1.5 percent to USD285 billion at the end of August from USD281 billion at the end of the month before.

It is worth noting that total bank loans and advances (net of provisions and interest in suspense) fell by 0.1 percent to reach USD296 billion, while total bank assets inched up by 0.5 percent to USD471 billion.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help