Beta Launch Saturday, 24 August 2019
Global Dow 3.79
2,835.68 0.13%
27 August 08:59 PM
S&P 500 4.08
2,443.05 0.17%
25 August 05:03 PM
EGX 23.25
12,949.65 0.18%
27 August 12:00 AM
TDWL -20.48
7,225.18 -0.28%
27 August 12:00 AM
DFM -21.94
3,602.55 -0.61%
27 August 12:00 AM
ADX -13.82
4,479.99 -0.31%
27 August 12:00 AM

US Dollar accounts make up 83.2 percent of foreign currency

 According to statistics from the UAE Central Bank, US Dollar accounts made up 83.2 percent of foreign currency loans in Emirati banks in the first quarter of 2019. 

Euro accounts occupied the second position, accounting for 9.5 percent while UK Pound accounts accounted for 2.1 percent, Japanese Yen accounts for 1.3 percent, Saudi Riyal accounts for 1.2 percent, Bahraini Dinar accounts for 0.3 percent, Chinese Yuan accounts for 0.2 percent, Kuwaiti Dinar accounts for 0.2 percent, Swiss Franc accounts for 0.1 percent, and all other foreign accounts for 1.7 percent. 

The value of foreign assets in national banks also increased on quarterly and annual bases at the end of the first quarter of 2019. Asset classes are divided into securities with an outstanding value of AED182.6 billion, assets expected from other banks worth AED130.5 billion, and loans worth AED117.1 billion. The three categories rose on a quarterly basis by 2.22 percent, 8.1 percent and 0.3 percent, respectively, and by 31.6 percent, 7 percent and 10.9 percent year-on-year, respectively.

RECOMMENDED

COMMENTS

There are no comments yet

LEAVE A COMMENT

Share with

My Account

Forgot password?

Create An Account

Forgot password?

Restore password

Subscribe to read
Already subscribed? Click here

For a limited time!
12 Months = 15 Months
24 Months = 32 Months
(Included Postal Fees worldwide)

Read, Explore Opportunities
Be connected with Business, Investment, Finance, Stock Exchange, Currencies, Development and International Cooperation

3 Months

18 USD / 60 AED

English Edition

Subscribe

3 Months

18 USD / 60 AED

Arabic Edition

Subscribe

3 Months

29.9 USD / 99 AED

Both Editions

Subscribe

6 Months

36 USD / 120 AED

English Edition

Subscribe

6 Months

36 USD / 120 AED

Arabic Edition

Subscribe

6 Months

59.9 USD / 199 AED

Both Editions

Subscribe

12 Months

72 USD / 240 AED

English Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

72 USD / 240 AED

Arabic Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

122 USD / 408 AED

Both Editions
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

24 Months

144 USD / 480 AED

English Edition
Amazing Deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

144 USD / 480 AED

Arabic Edition
Amazing deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

240 USD / 799 AED

Both Editions
Amazing deal!
(32 Months instead of 24 Months)

Subscribe
* Terms and conditions apply.