Central Bank of UAE’s balance totalled Dhs555 billion in December 2022

The Central Bank of the UAE’s (CBUAE) balance sheet reached a record Dhs555 billion in December 2022, the highest in its history.

The balance sheet increased every month by 8.1 percent, reaching Dhs554.99 billion at the end of last December, compared to Dhs513.61 billion in November 2022, the bank said in its latest statistics.

Its balance sheet also increased annually by 6.4 percent, equivalent to Dhs33.4 billion, compared to some Dhs521.54 billion in December 2021, it added.

According to the bank’s statistics, in December 2022, its balance was distributed between assets, including cash and bank balances worth Dhs279.25 billion, investments saved to maturity worth Dhs180.44 billion, and deposits worth 63.43 billion, loans and advances worth Dhs5.55 billion, and other assets worth Dhs26.32 billion.

Its balance sheet was also distributed between liabilities and capital, including current accounts and deposit accounts worth Dhs236.66 billion, certificates of deposit and cash bills worth Dhs164.75 billion, issued bills and coins worth Dhs120.01 billion, capital and reserves worth Dhs13.35 billion, and other liabilities worth Dhs20.22 billion.

WAM