Oct 3 (Reuters) - Money supply (M3) in the United Arab Emirates fell 2.0 percent year-on-year at the end of July, its fourth decline in a row, after a 3.2 percent drop in the previous month, central bank data showed on We d nesday.
Bank lending growth in the world's No. 3 oil exporter edged up to 3.7 percent year-on-year in July, the highest rate this year, from 3.2 percent in June, the data also showed.
UAE MONEY SUPPLY END-JULY 12 END-JUNE 12 END-JULY 11
M1 change yr/yr (pct) 9.0 8.4 15.0 M2 change yr/yr -0.6 -2.9 9.1 M2-M1 pct change yr/yr -5.0 -8.0 6.5 M3 pct change yr/yr -2.0 -3.2 10.8 Loans & advances yr/yr* 3.7 3.2 2.6
NOTE. Data for 2012 estimates subject to revision, * net of provisions. Percentage changes are a Reuters calculation based on official data.
(Reporting by Martin Dokoupil; Editing by Andrew Torchia)
Keywords: EMIRATES MONEYSUPPLY/