UAE’s CB reports increase in number, value of UAESWITCH financial transactions in Q1 2013

WAM ABU DHABI: The Central Bank of the UAE has announced that the statistics of the UAESWITCH for the 1st quarter of 2013 have shown an increase in the number and value of financial transactions, carried-out electronically through the UAESWITCH.

The total number of financial transactions has increased to 16.898 million transactions in the said quarter, compared to 16.821 million transactions in the 4th quarter of 2012, i.e. an increase of 0.45%, the apex bank said.

The total value of financial transactions also increased to AED 23.676 billion in the 1st quarter of 2013, compared to AED 23.359 billion in the 4th quarter of 2012, i.e. an increase of 1.36%.

As for the total number and value of financial transactions carried-out through connections of the UAESWITCH to the GCC Switches, the total number of such financial transactions increased to 1.120 million transactions in the 1st quarter of 2013, compared to 908 thousand transactions in the 4th quarter of 2012, i.e. an increase of 23.34%.

The total value of the financial transactions, also, increased to AED 1.798 billion in the 1st quarter of 2013, compared to AED 1.436 billion in the 4th quarter of 2012, i.e. an increase of 25.24%.

WAM/MMYS

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