UAE central bank annual report shows sharp balance sheet expansion


The Central Bank of the United Arab Emirates (UAE) has published its annual report for 2012, revealing details of increases in its balance sheet and a number of prudential measures.

The report said the balance sheet grew 12% over the year, with total assets increasing from 234.3 billion Emirati dirhams ($64 billion) to 262.3 billion dirhams ($71 billion). The largest part of the increase – 22.7 billion dirhams – came from increased purchases of ‘held-to-maturity' foreign bonds.

The central bank

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