Tawasul
Mubasher TV
Contact Us Advertising   العربية

UAE banks slash bond, stock investments in March

UAE banks slash bond, stock investments in March
The banks' investments in stocks were lowered to AED 9.1bn in March

UAE – Mubasher: Banks operating in the UAE have cut their monthly investments in debt securities to around AED 228.2 billion ($62.14 billion) in March 2020, according to data issued by the Central Bank of the UAE (CBUAE). 

In February 2020, the UAE's banks' investments in debt securities reached AED 252.6 billion ($68.78 billion).

Meanwhile, the banks' investments in stocks declined by 13.3% or AED 1.4 billion to AED 9.1 billion in March 2020, compared to AED 10.5 billion in February 2020.

On an annual basis, the banks reduced their investments in bonds by 3.4% or AED 1.8 billion in March 2020, compared to AED 236.3 billion in the same month of 2019.

The banks' investments in stocks were lowered to AED 9.1 billion ($2.48 billion) in March 2020, versus AED 10 billion ($2.72 billion) in the same period of 2019.