Banks investment in money bills, Islamic CDs reached 226.9 billion dirhams

According to Amac News: In the report of the Central Bank of the Emirates, it is stated that this figure shows an increase of 10.3 percent compared to the previous year to 205.7 billion dirhams.
According to the statistics of the Central Bank published today, banks' investment in Sharia-compliant CDs has reached 43.9 billion dirhams by the end of the second quarter of 2024.
Statistics show that the foreign assets of the Central Bank have increased by 5.3% (Q/Q) to 770.6 billion dirhams.
On a year-on-year basis, the apex bank's foreign assets increased by 30.1% at the end of June 2024.
The total capital and reserves of active banks in the UAE increased by 3.9% to 495.2 billion dirhams at the end of the second quarter of 2024, with a total capital adequacy ratio of 18.3%, which means that it remains well above the capital adequacy ratio of 13%.
At the end of the second quarter of 2024, the number of domestic banks remained stable at 23 banks. The branches of these domestically registered banks decreased to 482 branches at the end of June 2024.
The number of electronic banking service units of banks and cash offices remained constant at 46 units and 21 funds, respectively, at the end of June 2024.
Statistics show that the number of banks in the Persian Gulf Cooperation Council at the end of the second quarter of 2024 will remain constant at six banks plus one wholesale bank of the Persian Gulf Cooperation Council. The branches of these banks also remained constant at the end of June 2024 at six branches.
The number of other foreign banks was 21 banks with 72 branches, while the number of e-banking service units of the banks reached 21 units at the end. In the second quarter of 2024. The number of cash books of banks remained in a stable fund in the second quarter of 2024.
CBUAE said the number of financial institutions licensed by the central bank, namely wholesale banks, representative offices, property companies and exchanges, reached 11, 70, 17 and 76 financial institutions respectively at the end of the second quarter of 2024.
ATMs of active banks in the UAE decreased by 10 to 4,659 ATMs at the end of the second quarter to 2024.

Banks' investment in money bills, Islamic CDs reached 226.9 billion dirhams