AED35 bn banks’ investments in Q1-2019

ABU DHABI, UAE banks invested up to AED35 bn in Q1-2019, bringing to AED367.8 bn their aggregate investments, a growth of 10.5 percent as compared to the end of 2018, figures by the Central Bank of United Arab Emirates indicated.

Debt-bonds accounted for the lion’s share of banking investments, standing at AED25.4 bn, ratcheting investment in this instrument to AED236.3 bn by the end of March, up 12 percent as compared to December 2018.

Bonds-held-to-maturity came second and valued AED89.7 bn by the end of Q1, with other funds distributed across other investment vehicles.

Source: Emirates News Agency