ABU DHABI, June 7, WAM / The UAE Central Bank’s balance sheet exceeded 594 billion dirhams at the end of March, the highest level in its history, according to the latest statistics from the central bank.

In its balance sheet for March 2023, its balance sheet increased by 5.3% on a monthly basis to reach 594.12 billion dirhams at the end of last March, up from around 564.25 billion dirhams. The previous February, an increase equivalent to 29.8 billion dirhams in one month.

The central bank’s balance sheet stood at 15.2% year-on-year, or the equivalent of 78.3 billion dirhams, compared to around 515.79 billion dirhams in March 2022, an increase of 7.05% since the start of the year. 554.99 billion dirhams at the end of December 2022.

According to the statistics, the central bank’s budget last March was distributed by 261.16 billion dirhams on the assets side for cash and bank balances, 196.82 billion dirhams for investments saved for maturity, 107.82 billion dirhams for deposits and 3.57 billion dirhams for loans. and advances, and 24. 75 billion dirhams for other assets.

247.14 billion dirhams for current accounts and deposit accounts, about 195.98 billion dirhams for money bills and Islamic certificates of deposit, 129.21 billion dirhams for issued cash notes and coins, 14.21 billion dirhams for capital on the liabilities and capital side of the balance sheet. and reserves, and 7.58 billion dirhams of other liabilities in dirhams.