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UAE bank investments touch record high at US$149.35bn in March

  • According to CBUAE, the investments showed a year-on-year growth of 16 percent as against $129 billion in March 2022
  • The stock investments hit $3.26 billion in March, a jump of nearly 0.8 percent from around $3.21 billion in December 2022

Abu Dhabi, UAE–UAE’s bank investments climbed to a record level, touching $149.35 billion by the end of March, the highest level in the country’s history, a report by the Central Bank of the United Arab Emirates revealed.

The report, issued today, showed a YoY growth of 16 % compared to about $129 billion in March 2022.

Month over month, these investments climbed by 1.3% from $147.42 in February 2023.

Securities accounted for the majority of bank investments, around 45.6%, or $68 billion during the reference period.

Held-to-maturity (HTM) securities accounted for 43% of the total investments, reaching $64.34 billion in March, a YoY growth of 74.1% from $37 billion in March 2022, and a 2.6 % monthly increase from $62.62 billion in February 2023.

The bank stock investments reached $3.26 billion in March, a rise of approximately 0.8% from around $3.21 billion in December 2022.