The UAE Central Bank reported a 0.8% increase in its balance sheet to AED734.61bn by January 2024.
The Central Bank of the UAE (CBUAE) reported a significant increase in its balance sheet to AED734.61bn by January 2024, up 0.8% from the previous year. Gross credit grew by 0.2% to AED1.996 trillion, while total bank deposits increased by 0.7% to AED2.539 trillion. The monetary base expanded by 1.8% to AED670.9bn, and the money supply aggregates M1, M2, and M3 increased by 0.1%, 0.2%, and 1.3% respectively.
April 02, 2024
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