Abu Dhabi lenders invest Dhs19bn in debt securities for Jan-Sep 2020

Abu Dhabi banks invested Dhs19bn in debt securities in the first nine months of 2020, the Central Bank of the UAE has revealed.

It spiked the cumulative balance of this type of investment to Dhs201.5bn at the end of September 2020, official news agency WAM reported.

The balance of the investments in debt securities by Abu Dhabi lenders totalled Dhs182.5bn at the end of 2019, before surging to Dhs187.7bn in January 2020, and then to Dhs191.3bn in February 2020.

At the end of the first half of 2020, this balance amounted to Dhs193.4bn, before surging to Dhs199.7bn in July, then to Dhs201.8bn in August, and dropping slightly to Dhs201.5bn in September.

Investing in securities is one of the most popular forms of investment in the UAE banking sector, given the confirmation of proceeds and lack of risk, compared to other investment instruments.