The UAE Central Bank slashed its deposits with other banks by nearly US$4.3 billion in June 2010 to invest in more profitable securities as interest rates have remained at one of the lowest levels, its figures showed. From around US$17.6 billion at the end of May, deposits by the Central Bank, mostly in banks abroad, dipped to US$13.3 billion at the end of June, their lowest level in more than two years, the Central Bank said in its June bulletin. At the end of June, the deposits were nearly...More
published:05/09/2010 07:11 GMT
|