Banking information from the Central Bank of the UAE showed that total investments managed by operating banks in the country reached 410.3 billion dirhams by the end of April 2021. These investments include securities and deposits in other banks.
The indicated investments increased by 1.1% compared to the values at the end of 2020, which amounted to 405.7 billion dirhams. According to the report from the Central Bank of the UAE, these investments confirm the confidence of the banking sector of the country in the sustainability and reliability of the financial system of the UAE.
Analysts believe that the growth of investments in securities and deposits reflects the banks' willingness to manage their assets and diversify portfolios in search of more profitable investment opportunities.
"These figures testify to the stability of the banking sector of Emirates and their readiness for growth and development in conditions of economic uncertainty," emphasized the Central Bank.
