The banking system of the UAE has achieved a growth of 19.5% in net international reserves to reach about 423.3 billion dirhams during the first quarter of 2019 and an increase of 69 billion dirhams compared to the first quarter 2018 .
According to the Emirates News Agency, this growth was supported by the increase in the net reserves of the Central Bank, which amounted to 375 billion dirhams in the first quarter of 2019, compared to 331.4 billion dirhams in the first quarter. 2018.
Statistics of the Central Bank showed an increase in the balance of loans and financial facilities provided by banks to the private sector to 1.16 trillion dirhams at the end of March 2019, an increase of 39 billion dirhams in the same month of The year 2018, which reflects the continued activity in various economic sectors .. Note that the largest part of the facilities were provided by national banks.
The balance of the Emirates Central Bank of gold bars reached 1.143 billion dirhams at the end of March 2019 compared to 1.134 billion dirhams in March 2018.
The increase in the balance of the Central Bank of gold since the beginning of this year is the result of the improvement in the price of the yellow metal during the past period.
Namazon Services..programmed technical analysis platform ... for Emirati, Saudi, and global markets
To more:
The UAE is the next force in the world of digital currencies
