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ABU DHABI / WAM
The UAE central bank revealed on Sunday that total banking investments reached AED396.2 billion ($107.86 billion) in November.
According to banking indicators released by central bank, debt securities saw a jump of 16.7% year-to-date, with a total of AED245.4 billion. Bank deposits saw a rise of 4.6% year-on-year, with a total of AED1.8 trillion in November compared to AED1.74 trillion for same month in 2018. Total banks’ reserves at the central bank totalled AED309.6 billion, representing a 9.2% increase year-on-year.