June 27 (Reuters) - Money supply (M3) in the United Arab
Emirates grew 11.3 percent year-on-year at the end of May, the
fastest rate since June 2011, after a 9.7 percent rise in the
previous month, central bank data showed on Thursday.
Bank lending growth in the world's No. 3 oil exporter edged
up to 5.2 percent year-on-year in May from 4.7 percent in April,
which was the fastest rate since at least early 2010, the data
UAE MONEY SUPPLY END-MAY 13 END-APRIL 13 END-MAY 12
M1 change yr/yr (pct) 21.2 17.4 8.1
M2 change yr/yr 10.3 5.8 -1.1
M2-M1 pct change yr/yr 4.8 0.0 -5.2
M3 pct change yr/yr 11.3 9.7 -1.3
Loans & advances yr/yr* 5.2 4.7 2.5
NOTE. Data for 2013 estimates subject to revision, * net of
provisions. Percentage changes are a Reuters calculation based
on official data.
(Reporting by Martin Dokoupil; Editing by Dinesh Nair)
Keywords: EMIRATES MONEYSUPPLY/
(Martin.Dokoupil@thomsonreuters.com)(+971 4 362 5832)(Reuters Messaging: firstname.lastname@example.org)
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