Oct 11 (Reuters) - Money supply (M3) in the United Arab Emirates grew 2.6 percent year-on-year at the end of August, ending a series of four straight monthly declines, central bank data showed on Th u rsday.
Bank lending growth in the world's No. 3 oil exporter edged down to 3.2 percent year-on-year in August from a seven-month peak 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 14.9 M2 change yr/yr 1.9 -0.6 7.7 M2-M1 pct change yr/yr -2.1 -5.0 4.7 M3 pct change yr/yr 2.6 -2.0 7.2 Loans & advances yr/yr* 3.2 3.7 2.2
NOTE. Data for 2012 estimates subject to revision, * net of provisions. Percentage changes are Reuters calculations based on official data.
(Reporting by Martin Dokoupil; Editing by Andrew Torchia)
Keywords: EMIRATES MONEYSUPPLY/