Thursday, August 5, 2021

Central Bank of UAE Governor seeks continued support of…

Central Bank of the UAE in Abu Dhabi
Image Credit: Courtesy Central Bank of the UAE

Dubai: The governor of Central Bank of the UAE (CBUAE) Khaled Mohamed Balama, held a meeting with the CEOs of all banks operating in the UAE to discuss the macroeconomic environment.

At the meeting, he briefed the CEOs on CBUAE’s assessment of financial stability, and inform about the central bank’s ongoing regulatory and supervisory initiatives.

The agenda of the meeting was on role of banks in supporting UAE’s economic recovery by ensuring continued flow of credit to the economy.

The CBUAE assesses financial system of the UAE as stable. Liquidity and capital buffers of banks remain adequate, supported by stable deposit volumes and growth in capital market funding.

Meeting participants also discussed areas subject to close monitoring by the CBUAE, which included asset quality and credit conditions.

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