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Balance sheet of banks show rise

The statistical bulletin of the Central Bank said that foreign assets recorded an increase of Dh7.67 billion, to reach 11.71 billion, up 7.4 per cent from the previous figure, while domestic credit and investment went up 3.6 per cent to reach Dh203.79 billion. Cash and deposits with the Central Bank scaled up to Dh27.28 billion, an increase of 5.7 per cent.

On the liabilities side, government deposits were placed at Dh40.13 billion and quasi deposits at Dh142.34 billion, higher than the previous levels by 98. per cent and 6.4 per cent respectively.

Capital and reserves accounted for Dh44.46 billion, and monetary deposits for Dh44.48 billion.

Net domestic credit reached Dh152.23 billion for the quarter under review, against Dh148.78 billion for the previous quarter.

The total foreign assets of the banking sector went up to reach Dh167.24 billion while the total foreign liabilities dropped to Dh30.64 billion.

Money supply expanded 3.7 per cent to scale over Dh58.26 billion at the end of the last quarter.

The total assets/liabilities of the Central Bank equalled Dh54.5 billion at the end of December, against Dh53.53 billion at the end of September last year.