UAE banks' investments hit $17.43bln in nine months | ZAWYA MENA Edition:
The investment portfolio of UAE-based banks amounted to AED64 billion in the first nine months of 2019, hitting a total record of AED397.3 billion by the end of September, according to figures revealed by the Central Bank of the United Arab Emirates.
The growth trajectory is driven by a 19.4 percent jump in banks' investments in securities from circa AED210.9 bn in December 2018 to AED248.6 bn by the end of this September.
Investing in shares grew likewise from AED10.1 bn to AED11.6 bn during the same period, with investments in held-to-maturity securities growing from AED81.2 bn to AED94.1 bn, while other investments amounted from AED30.6 bn to AED43 bn.
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