The total assets of UAE banks, including bank acceptances, increased by 0.9% to 3.252 trillion dirhams during the month of September, compared to 3.223 trillion dirhams in August.
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According to the Emirates News Agency, figures released by the Central Bank showed that the rise in the assets of the banking system came as a result of an increase of 0.2% in total credit -55.5% of total assets Banking - an increase of 1.2% in total bank investments -13.6% of total assets -.
The increase in total domestic credit is attributable to a 0.2% decrease in credit granted to the government sector, by 0.7% for the private sector and 2.9% for non-bank financial institutions, despite an increase of 1.4 % Of credit granted to the public sector - government-related entities in which government ownership exceeds 50% -.
bank deposits increased by 0.4% during the month of September 2020, supported by a rise of 0.4% in residents 'deposits and by 0.7% in non-resident deposits, and the increase in residents' deposits was attributed to An increase in government deposits by 18.9%.
The total bank investments during the month of September increased by 1.2% to reach 440.8 billion dirhams, and on an annual basis, they increased by 10.9%.
At the end of September, the ratio of lending to stable resources decreased by 1.1%, standing at 78.6%, reflecting a growth in deposits and other stable resources.
