Abu Dhabi's reserves, allocations stable in October, November | ZAWYA MENA Edition:
UAE banks' reserves and allocations were stable during October and November 2018 in yet a new testament to the resilience of the banking sector.
According to the Central Bank of the United Arab Emirates' statistics, total assets held by UAE banks jumped to AEE2.854 trillion by the end of November, a growth of AED166 billion over the same month in 2017.
Reserve requirements across all UAE-based banks stood at AED121.8 billion during the two monitored months while combined private and public allocations reached AED123.2 billion during the same period.
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