Total banking assets, including bank acceptances, increased by 0.3% to reach 3.166 trillion dirhams at the end of last May, compared to approximately 3.156 trillion dirhams in April 2020 .
According to the Emirates News Agency, the statistics of the Emirates Central Bank showed that the total bank credit increased by 0.1% from 1.776 trillion dirhams in the month of April this year to 1.778 trillion dirhams with End of May.
During last May, total bank deposits decreased slightly by 6.7 billion dirhams, as a result of an increase of 7.5 billion dirhams in residents ’deposits, while residents’ deposits increased by 800 million dirhams.
The central bank announced an increase in the money supply / n1 / by 0.7% from 560 billion dirhams at the end of April this year to 564.3 billion dirhams at the end of May of The same year.
It includes / n1 / cash circulating outside banks plus cash deposits / current accounts and demand accounts with banks /.
At the level of money supply / N2 /, its value was approximately 1.465 trillion dirhams at the end of May .. While the value of the money supply / N3 / amounted to about 1.751 trillion dirhams At the end of the same month.
n2 includes both n1 plus quasi cash deposits / term deposits and savings deposits for residents in dirhams, and residents deposits in foreign currencies /. while n3 includes both / n2 / Plus government deposits with banks operating in the UAE as well as with the central bank.
