UAE banks’ investments in debt securities hit AED 263.7bn in June

UAE banks’ investments in debt securities hit AED 263.7bn in June

UAE - Mubasher: The banks operating in the UAE have increased their investments in debt securities by 12% year-on-year (YoY) or around AED 28.4 billion to AED 263.7 billion in June 2020, compared to AED 235.3 billion in the same month of 2019.





On a monthly basis, the UAE banks' investments in debt securities rose by 3.4% or AED 8.7 billion in June 2020, compared to AED 255 billion in May 2020, according to the latest data by the Central Bank of the UAE (CBUAE).





Meanwhile, the banks' investments in stocks were lowered by 15.4% to AED 8.8 billion in June from AED 10.4 billion in the corresponding period of 2019.





The lenders have also invested AED 100.6 billion in held-to-maturity bonds in June, down by 0.7% from AED 101.3 billion in