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UAE banks' investments in T-bills hit AED 200bn in August

UAE banks' investments in T-bills hit AED 200bn in August
Total assets of the UAE banks grew 4% YTD to AED 2.8 trillion.

Abu Dhabi – Mubasher: UAE banks investments in treasury bills declined by AED 3.5 billion at the end of August compared to the month before, recording AED 199.7 billion.

Meanwhile, Emirati banks’ investments in shares decreased by 2.4% month-on-month to AED 12.2 billion in August, according to Central Bank of the UAE (CBUAE).

Last month, total assets of the UAE banks grew 4% year-to-date to AED 2.8 trillion.