ABU DHABI, UAE – The Central Bank of the UAE’s (CBUAE) balance sheet grew by 6.3 percent on a monthly basis to reach US$172 billion (AED631.63 billion) at the end of April 2023, marking the largest level ever in its history, the apex bank said in its budget report for April 2023.
The apex bank said that its balance sheet also increased YoY by 24 percent – or the equivalent of US$33 billion (AED121.8 billion) against US$138 billion (AED509.81 billion) at the end of April 2022.
It grew by 13.8 percent since the beginning of the year to US$ 151 billion (AED554.99 billion) at the end of December 2022.
The report said on the asset side, the CBUAE has US$72 billion (AED266.49 billion) for cash and bank balances in April, along with reserved investments to the tune of US$55 billion (AED203.9 billion).
As for liability and capital, CBUAE’s current and deposit accounts were at US$74 billion (AED271.43 billion), monetary bills and Islamic certificates of deposit at US$55 billion (AED202.18 billion), currency notes and coins issued at US$36 billion (AED133.12 billion), capital and reserves at US$4 billion (AED14.21 billion).
The bank’s other liabilities were at US$2.7 billion (AED9.95 billion).