UAE central bank's assets grow 9.5%

The UAE Central Bank has reported a 9.5 per cent increase in its assets during the first half of 2004 to Dh59.6 billion from Dh54.5 billion at the close last year.

During the first six months of this year banks' cash and savings with the Central Bank increased from Dh421.1 million to Dh9.4 billion at the end of June. The bonds assets of the bank increased from Dh11.2 billion to Dh14.8 billion.

Loans increased from Dh50 million to Dh500 million. Fixed Assets increased from Dh38.9 million to Dh8