UAE public, private sector deposits reach AED41.4bn

ABU DHABI / WAM

The statistics by the UAE Central Bank affirmed improved operating efficiency, with public sector deposits up by AED23.8 billion at the end of Q1 2017, while the private sector deposits stood at AED17.6 billion over the same period, bringing to AED41.4 billion ($11.27bn) the two sectors’ total deposits.
Credits offered to the trade and industrial sectors were valued at AED3.6 billion over the first three months of the year, while personal loans stood at AED1.1 for the same period. The loans to stable resources Ratio rose to 85.4 percent by end of March from 84.8 percent in February, with liquid assets ratio, which is equal to the total
liquid asset at banks, inclusive mandatory reserve requirem-
ents, amounting to 16.8 percent of total assets.
The capital adequacy ratio amounted to 18.6 percent by the end of the first quarter of 2017, 16.9 percent of which exceeded
the requirements of BASEL III Agreement.
Total banking loans to trade and industrial sectors increased from AED727.8 billion by end of 2016 to AED731.4 billion by the end of March, while personal loans rose for the same period from AED348.2 billion to AED 349.3, according to the Central Bank statistics.
Total private sector deposits rose from AED980.7 billion by end of 2016 to 998.3billion in March, with total deposits of the public sector, government institutions and departments, were up from AED168.2 billion to AED192 billion during the same period.

ADX records AED1 billion
net foreign investment

Abu Dhabi / WAM

AED1 billion worth of net foreign investments were recorded during the first quarter of 2017 in Abu Dhabi Securities Exchange, ADX, compared with AED1.7 billion in 2016. Foreign investors bought 3.9 billion shares equivalent to AED8 billion, and sold AED3.8 billion shares equivalent to AED7 billion. Institutional investment recorded net trading worth AED100 million in the first quarter buying 2.4 billion shares equivalent to AED7 billion and selling 2.8 billion shares equivalent to AED6.9 billion.
Meanwhile, UAE stocks resumed an upward streak on the first day of the month, gaining AED4.7billion in market value, according to statistics released by the end of Monday’s sessions.
New comers joined the list of top performers today, primarily Amanat’s share which rose by 4.5% to AED1.16 following company’s General Assembly’s approval of an issued share capital of Company at AED1bn, triggering transactions worth AED 237million.
Etihad Properties’ share inched up by 4 percent closing at AED1.06 from AED1.00 earlier in today’s trading. EMAAR Properties rose to AED7.35, considerably contributing to the market gains, with DAMAC following suit and closing at AED 2.55.