Fewer UAE residents, businesses avail loans amid COVID-19; lenders tighten norms
Most banks and lenders have tightened credit requirements
ZAWYA - 22 hours ago
Central Bank of the United Arab Emirates
Also known as: UAE Central Bank Last updated on: 20 May 2019
fast facts
Business SummaryCentral monetary authority supervising the banking sector and the implementation of the law to help enhancing the stability of the currency.Country of IncorporationUAEOwnership TypeGovernmentEstablished In1973Primary SectorFinancial ServicesNumber of Employees600Latest News
financial services
The Board of the CBUAE decides on additional measures within the Targeted Economic Support Scheme
The purpose of those ratios is to ensure that long-term assets are funded by stable resources of funding
Press Release - 1 day agoUAE Central Bank decides on additional measures within Targeted Economic Support Scheme
Measure encourages banks to strengthen the implementation of the TESS and support their impacted customers in overcoming the repercussions of COVID-19 pandemic
WAM (Emirates News Agency) - 2 days agoUAE central bank temporarily relaxes rules on liquidity, funding for banks
Banks will be allowed to go below the 100% 'net stable funding ratio' but not below 90%
Reuters News - 2 days agoCBUAE includes the UAE Dirham as the first settlement currency in "Buna" platform
"Buna" is a multicurrency platform that provides clearing and settlement services of cross-border payments in eligible Arab and foreign currencies across the Arab region and beyond, with links to major trade partners.
Press Release - 06-Aug-2020Contact details
Primary address
Central Bank of the United Arab Emirates BuildingKing Adullah Bin Abdulaziz Al Saud Street
Al Bateen Area
854
UAE
Abu Dhabi
Region
Abu DhabiCONTACT
- Tel: +971 2-665-2220
- Fax: +971 2-665-2504
- Email: uaecb@cbuae.gov.ae
- www.centralbank.ae
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