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Abu Dhabi / WAM
The total assets of Central Bank of UAE hiked to a four-decade-time high of AED432.6 billion by the end of March, a growth of 3.5 percent from AED417.7 billion by end of 2018, CBUAE statistics showed.
The significant growth is driven by a rally in deposits to AED133.5 billion by March-end, up 25 percent from AED106.8 billion in December last year.
Meanwhile, the total foreign currency assets held by CBUAE increased to AED377 billion by March-end, a growth of 4 percent from AED362.5 billion by end of last year, as current account balances and deposits with foreign banks strengthened to AED307.56 billion against AED294 billion in December 2018, according to the CBUAE figures.