Financial transfers for the banking sector exceeding 9.5 trillion in 5 months
Abu Dhabi, August 19 / WAM / The value of transfers implemented in the banking sector in the country, through the Emirates Financial Transfers System / UAEFTS /, during the first five months of this year reached 9,528 trillion dirhams.
According to the statistics of banking operations issued today by the Central Bank, the value of transfers carried out by banks reached about 5,963 trillion dirhams distributed by 1.1 trillion during January, 983.99 billion dirhams during February, 1.238 trillion during March, 1.273 trillion during April, and finally 1.089 trillion during May.
The value of transfers carried out by customers exceeded 3.834 trillion dirhams distributed by 677.65 billion dirhams during January, 649.48 billion dirhams during February, 791.313 billion dirhams during March, 879.94 billion in April, and 836.157 billion in May.
With regard to the circulating checks, the statistics of banking operations for the month of May showed that the value of the traded checks using their pictures exceeded 603.161 billion dirhams during the first five months of the year, while the number of checks circulating reached about 9.6 million checks.
The value of the checks circulated during May alone reached 131.49 billion dirhams, on more than two million checks.
According to the central data, the value of cash withdrawals from the central bank during the first five months of this year reached 99.791 billion dirhams, while the value of its cash deposits amounted to about 83.9 billion dirhams.
The banking indicators issued by the Central today showed that the value of bank investments increased 1.8% on a monthly basis and 7.2% during the first five months of the year, to reach 788 billion dirhams at the end of May compared to about 774.3 at the end of April and 734.8 billion dirhams at the end of last year.
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