Total gross bank assets in August $812bln: UAE Central Bank | ZAWYA MENA Edition:
The UAE Central Bank has announced that gross bank assets, including bankers’ acceptances, rose by 0.3 percent, increasing from AED 2975.8 billion at the end of July 2019, to AED2983.4 billion at the end of August 2019.
The gross credit grew by 0.2 percent from AED1705 billion at the end of July 2019, to AED1707.6 billion at the end of August 2019, said a press release issued by the Central Bank on Sunday,
The Money Supply aggregate M1 increased by 1.3 percent, from AED502.7 billion at the end of July 2019, to AED509 billion at the end of August 2019.
The Money Supply aggregate M2 dropped by 0.1 percent, from AED1363.8 billion at the end of July 2019, to AED1362.4 billion at the end of August 2019. The Money Supply aggregate M3 also decreased by 0.6 percent, from AED1642.5 billion at the end of July 2019, to AED1632.2 billion at the end of August 2019.
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