UAE Public, Private sectors’ deposits amount to AED41.4 billion in Q1 2017
Recent statistics by the UAE Central Bank have affirmed improved operating efficiency, with public sector deposits up by AED23.8 billion at the end of Q1 2017, while the private sector deposits stood at AED17.6 billion over the same period, bringing to AED41.4 billion the two sectors' total deposits. Credits offered to the trade and industrial sectors were valued at AED3.6 billion over the first three months of the year, while personal loans stood at AED1.1 for the same period.
The loans to stable resources Ratio rose to 85.4 percent by end of March from 84.8 percent in February, with liquid assets ratio , which is equal to the total liquid asset at banks, inclusive mandatory reserve requirements, amounting to 16.8 percent of total assets.
The capital adequacy ratio amounted to 18.6 percent by the end of the first quarter of 2017, 16.9 percent of which exceeded the requirements of BASEL III Agreement.
Total banking loans to trade and industrial sectors increased from AED727.8 billion by end of 2016 to AED731.4 billion by the end of March, while personal loans rose for the same period from AED348.2 billion to AED 349.3, according to the Central Bank statistics.
Total private sector deposits rose from AED980.7 billion by end of 2016 to 998.3billion in March, with total deposits of the public sector, government institutions and departments, were up from AED168.2 billion to AED192 billion during the same period.
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