17.8 billion dirhams increase in savings deposits within 6 months

17.8 billion dirhams increase in savings deposits within 6 months
17.8 billion dirhams increase in savings deposits within 6 months

The volume of savings deposits in the banking sector increased to 232.97 billion at the end of June, with a monthly growth rate of 1.65%, and the Central Bank’s balance of gold bullion rose to 11.5 billion dirhams, at the end of last June, with an annual increase of 75%, Or the equivalent of 4.92 billion dirhams, compared to 6.58 billion dirhams in June 2020.

The statistical bulletin showed that savings deposits in the banking sector increased to 232.97 billion dirhams at the end of June, with a growth on a monthly basis, by 1.65%, or the equivalent of 3.8 billion dirhams, compared to 229.18 billion dirhams in May. It increased during the first six months of this year by 8.3%, or 17.8 billion dirhams, compared to 215.2 billion dirhams at the end of last year.

Demand deposits rose to 767.48 million dirhams last June, an increase on a monthly basis by 2.62%, or 19.6 billion dirhams, compared to 747.89 billion dirhams in May. While it has increased by 10.13% since the beginning of this year, or the equivalent of 70.6 billion dirhams, compared to 696.88 billion dirhams at the end of December 2020.

Time deposits increased to 546.43 billion dirhams at the end of last June, an increase on a monthly basis by 1.85%, or 9.93 billion dirhams, compared to 536.5 billion dirhams in the previous May, while they decreased during the first six months of this current by 11.4%, or The equivalent of 70.2 billion dirhams, compared to 616.59 billion dirhams in December 2020.

Statistics of the Central Bank, issued yesterday, showed that the balance of the yellow metal decreased on a monthly basis by 7.8%, compared to about 12.47 billion dirhams in the previous May, while it decreased by 10.5%, since the beginning of this year, compared to about 12.86 billion dirhams, at the end of this year. December 2020.

According to the “Economic Statement” monitoring, the value of the Central Bank’s balance of bullion recorded over the first six months of this year is the largest since 2015, the date of the start of gold entering the “Central” assets, after the Central decided at the time, to return to the formation of gold reserves for the first time since Eight years, in addition to his basket of foreign exchange reserves. Gold is among the various assets owned by the Central Bank, including: liquid funds, certificates of deposit, and securities held to maturity.

The number of national bank branches in the country decreased to about 522 branches, distributed among 21 banks, at the end of last June, compared to 534 branches in May and 541 branches in December 2020, and payment offices settled at 22 offices, while the number of branches of foreign banks remained constant at 27 branches. distributed among 37 banks.

The number of employees in banks in the country reached 32,62 thousand employees, distributed as 25,847 employees in national banks, and 6776 employees in foreign banks, compared to 33,44 thousand employees at the end of last December.

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I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]