Abu Dhabi, UAE–The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to $182.43 billion at the end of November 2023, marking a significant surge in its financial strength. This impressive growth is revealed in the bank’s latest balance sheet report.
The report highlights a robust 30.4% YoY increase in the CBUAE’s balance sheet as compared to $140 billion in November 2022, this translates to a substantial growth of $42.47 billion
This upward trend is not a recent phenomenon. The CBUAE’s balance sheet maintained a steady 21.2% growth rate throughout the first eleven months of 2023. This translates to an additional $31.90 billion added to the balance sheet, compared to $150.45 billion at the end of December 2022.
On the asset side, cash and bank balances remain a major component, valued at $88.13 billion. Investments and deposits also play a substantial role, totaling $56.63 billion and $26.53 billion respectively. Notably, loans and advances have seen healthy growth, reaching $574 million.
The other side of the equation, liabilities and capital, shows stability with current and deposit accounts holding the leading position at $79.68 billion. Issuance of monetary licenses and Islamic deposit certificates accounts for $58 billion.
Capital and reserves show strong standing at $4.20 billion, demonstrating the bank’s financial stability.
This deeper dive into the Central Bank’s balance sheet highlights its robust position and diversified asset portfolio. The growth across various categories reflects a healthy and dynamic financial landscape in the United Arab Emirates.