Oct 11 (Reuters) - Money supply (M3) in the United ArabEmirates grew 2.6 percent year-on-year at the end of August,ending a series of four straight monthly declines, central bankdata showed on Th u rsday.
Bank lending growth in the world's No. 3 oil exporter edgeddown to 3.2 percent year-on-year in August from a seven-monthpeak of 3.7 percent in July, the data also showed.
UAE MONEY SUPPLY END-AUG 12 END-JULY 12 END-AUG 11
M1 change yr/yr (pct) 10.5 9.0 14.9M2 change yr/yr 1.9 -0.6 7.7M2-M1 pct change yr/yr -2.1 -5.0 4.7M3 pct change yr/yr 2.6 -2.0 7.2Loans & advances yr/yr* 3.2 3.7 2.2
NOTE. Data for 2012 estimates subject to revision, * net ofprovisions. Percentage changes are Reuters calculations based onofficial data.
(Reporting by Martin Dokoupil; Editing by Andrew Torchia)
Keywords: EMIRATES MONEYSUPPLY/