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UAE banks' investments hit AED 531.8bn in July

UAE banks' investments hit AED 531.8bn in July
The UAE banks have invested AED 302.9 billion in debt securities

UAE - Mubasher: The total value of the UAE banks' investments jumped by 23.4% to AED 531.8 billion in July 2021, compared to AED 431.1 billion in the same month of 2020.

On a monthly basis, the total value of the UAE bank's investments increased by 1.7% from AED 523.1 billion in June 2021, according to the latest data by the Central Bank of the UAE (CBUAE).

The UAE banks have invested AED 302.9 billion in debt securities in July 2021, up 12% from AED 270.5 billion in July 2020.

Meanwhile, the UAE banks' investments in equities climbed by 55.3% to AED 13.2 billion in July from AED 8.5 billion in the year-ago period.

The banks' investments in held to maturity securities reached AED 169.6 billion in July 2021, up 65.1% from AED 102.7 billion in the corresponding month of 2020.