Emirates Central Bank’s balance sheet hit the Dh654 billion barrier at the end of July, marking the highest level in its history, according to the central bank’s latest figures.

In its balance sheet report for July 2023, its balance sheet increased by 0.67% on a monthly basis to reach 653.78 billion dirhams at the end of last July, up from 649.42 billion dirhams in the previous June. An increase equivalent to 4.36 billion dirhams in one month.

The central bank’s balance sheet was 32% on an annual basis, or equivalent to 158.2 billion dirhams, compared to about 495.54 billion dirhams in July 2022, an increase of about 18.3% compared to the beginning of the year. A value of 552.5 billion dirhams at the end of December 2022, an increase equal to 101.2 billion. AED in the first seven months of 2023.

According to the statistics, the central bank’s budget last July was distributed to assets of 275.23 billion dirhams in cash and bank balances, investments earmarked to maturity in addition to 218.15 billion dirhams, 125.39 billion dirhams in deposits and 3.03 billion dirhams in loans. and advances, and 31. 98 billion dirhams for other assets.

The balance sheet was distributed on the liabilities and capital side as 302.37 billion dirhams for current accounts and deposit accounts, 196.83 billion dirhams for money bills and Islamic certificates of deposit, 130.62 billion dirhams for issued notes and coins, and 13.23 billion dirhams for capital. reserves and other liabilities of AED 10.73 billion