300 billion government deposits with growth of 42.3%



Government deposits in the banking sector hold a record high of AED $ 300.2 billion at the end of October, up to 89.3 billion in loans for the first 10 months and 42.3 percent higher than in December 2017.

Central Bank of Kuwait (CBE) data showed that the government deposits exceeded last year's record level of 11.5 billion in imports, which is added to the government deposits account government deposits since May witnessed a steady increase in unprecedented rates without a decline in The Six Months (May, 2018).

The continued rise in government deposits is an important indicator of the strength of the Government's solvency and the availability of liquidity to finance business sectors and economic activities in the local market. The increase in government deposits is due to the rise in oil and the success of the regional regional policy of urbanizing spending.

The banking sector's total liquidity rose by 78.8 billion to 5.3 billion in the first 10 months to AED 565 billion, and 900 million out of taxes with AED 487 billion and AED 100 million at the end of December 2017.

Statistics have shown that funds from banks increased by the end of October to 69 billion in imports compared to 67.7 billion at the end of December 2017, an increase of 1.3 billion directories and growth of 2%.

The Bank's bank balances and deposits with foreign banks over the last ten months of this year amounted to 256.3 billion from a $ 256.6 billion at the end of October 2008, compared to AED 347.66 billion at the end of December 2017.


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