Annual bank lending growth in the United Arab Emirates slowed slightly in July, central bank figures showed
Annual bank lending growth in the United Arab Emirates slowed slightly in July, central bank figures showed on Wednesday.
UAE MONEY SUPPLY |
END-JULY 18 |
END-JUNE 18 |
END-JULY 17 |
M1 change yr/yr (pct) |
-0.2 |
-2.3 |
5.9 |
M2 change yr/yr |
3 |
2.6 |
6.1 |
M2-M1 pct change yr/yr |
5.1 |
5.9 |
6.3 |
M3 pct change yr |
6.6 |
6.2 |
6.9 |
Loans & advances yr/yr* |
3.2 |
3.4 |
3.4 |
NOTE. * gross.
Bank deposits, which totalled 1.684 trillion dirhams in June, rose by 10.6 billion dirhams month-on-month in July because of a 4.6 billion dirham gain in resident deposits and a 6.0 billion dirham increase in non-resident deposits. Government deposits edged up by 0.2 billion dirhams.
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