Abu Dhabi banks invest 17.2 billion dirhams in bonds within 7 months

The value of investments of Abu Dhabi banks in debt securities amounted to approximately 17.2 billion dirhams during the first seven months of the year 2020.

According to the Emirates News Agency, the high pace of Abu Dhabi banks' investments in debt securities indicates their continuous pursuit of stable and guaranteed returns that contribute to maximizing their revenues, especially in light of fluctuating yield rates Investing in other tools worldwide.

With the increase in the pace of Abu Dhabi banks' investments in bonds, the total cumulative balance of their investments in this tool increased to 199.7 billion dirhams at the end of July of this year, an increase of 9.4% Comparison with the balance in December of 2019

It is clear from the numbers that the capital banks' investments in bonds accounted for approximately 87.5% of their total balance in all other investment instruments, which include investments in securities and bonds held until Maturity date and other investment line.

and the monitoring of the index of capital bank investments in bonds shows that it continues its upward approach in most of the first seven months of this year, as the monitoring rose from 187.7 billion dirhams last January to 191.3 billion AED the following February.

and during the month of March, the balance decreased to 178.1 billion dirhams before resuming its rise to 185.5 billion dirhams in April, then to 194.4 billion dirhams in May, and in June the balance witnessed some The slowdown closed at 193.4 billion dirhams, then jumped to 199.7 billion dirhams in July.

Fahad Al-Qasim, a financial expert, said in a statement to Emirates News Agency that the increasing demand of banks, whether in Abu Dhabi or the UAE in general, to invest in bonds reflects their keenness to diversify their investments. And in a way that contributes to increasing its returns, stressing that investing in bonds usually acquires the largest percentage of investment in the banking sector compared to other investment tools.

He added that banks ’investments in bonds are likely to increase during the next stage in light of their continuous efforts to achieve guaranteed profitability, especially with the slowdown in other investment tools markets.

(Amazon fun knowledge)