The Board of Directors of the Central Bank of the UAE, chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, has approved a comprehensive financial institution resilience program designed to address global challenges and strengthen the banking sector. The program comprises five pillars: expanding monetary policy channels, providing temporary liquidity and capital buffer relief, flexible credit risk management, and guiding customers toward continued financing. The Central Bank of the UAE oversees foreign exchange reserves exceeding 1 trillion dirhams and reaffirmed the robustness of the banking system with a total size of 5.4 trillion dirhams, with banks currently holding approximately 920 billion dirhams in liquidity at the central bank.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin