 The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet rise to Dh670 billion at the end of November 2023, according to its latest balance sheet report.
The report highlights a robust 30.4% increase compared to November 202, when it marked Dh513.61 billion.
This upward trend is not a recent phenomenon. The CBUAE’s balance sheet maintained a steady 21.2% growth rate throughout the first eleven months of 2023, which translated to an additional Dh117.2 billion added to the balance sheet.
On the asset side, cash and bank balances remain a major component, valued at Dh323.69 billion. Investments and deposits also play a substantial role, totalling Dh207.98 billion and AED 97.46 billion respectively.
Notably, loans and advances have seen healthy growth, reaching Dh2.11 billion. Other assets valued Dh38.48 billion
The other side of the equation, liabilities and capital, shows stability with current and deposit accounts holding the leading position at Dh292.64 billion. Issuance of monetary licenses and Islamic deposit certificates accounts for Dh213.06 billion, while issued banknotes and coins stand at Dh133.82 billion.
Moreover, the report revealed that capital and reserves maintain a strong standing at Dh15.45 billion, demonstrating the bank’s financial stability. Other liabilities hold a relatively small share at Dh14.75 billion.
