Wednesday 20 October 2010

UAE Central Bank assets rise to Dh214bn

Access to credit remains closely controlled as the Central Bank continues its tight hold on lending, its monthly bulletin shows.

The Central Bank bulletin showed its total assets ran to Dh214 billion (US$58.26bn) in July, up more than Dh12bn, or 6 per cent, on June. That was a rise of 5 per cent since the start of the year.

And the bank has seen its foreign assets rise sharply to their highest since the end of last year - to Dh100bn in July, from Dh83bn June.

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