The banking and financial sector in the country is solid, stable, and ready to keep pace with regional changes

The Governor of the UAE Central Bank, Khaled Mohammed Al-Amaa, confirmed that the financial and banking sector enjoys the highest levels of strength and stability, and that banking and financial institutions and insurance companies naturally continue to provide their services to the public efficiently and regularly without interruption throughout the country.

A legacy of trust and stability over 53 years

Al-Amaa stressed that the Central Bank of the United Arab Emirates has for more than 53 years been a journey full of achievements, during which it has been able, thanks to the wise vision of the wise leadership, to maintain the flexibility, strength and stability of the country’s financial and banking position. Despite the successive geopolitical changes that the region witnessed during that period, the Central Bank and the country’s banking and financial sector demonstrated a high capacity for flexibility, adaptation and growth, which strengthened the UAE’s position as an attractive and safe destination and a leading financial center at the regional and global levels, adding that this exciting journey reflects the strength of the foundations on which the country’s financial and banking system was built, based on good governance, discipline, financial and banking diversification, proactiveness in risk management and high readiness to deal with changes. Regional.

The strength of the banking sector and the strength of financial solvency

He said that the banking and financial sector in the UAE enjoys very high levels of capital adequacy and cash liquidity, with the capital adequacy ratio reaching 17%, while the liquidity coverage rate exceeds 146.6%, which are levels that exceed the regulatory requirements recommended by international bodies and organizations.

He added that the total assets of the banking and financial sector in the country exceed 5.42 trillion dirhams, which reflects the magnitude and strength of the financial positions of banking institutions and their ability to fulfill their obligations and continue to support economic activity at various times and circumstances.

Al-Amma pointed out that the banking systems, payment systems and national financial infrastructure operate with complete efficiency and stability, supported by advanced operational and technical frameworks that ensure the continuity of banking and financial operations smoothly and safely.

Operational readiness and risk management

He stated that banking and financial institutions operating in the country apply advanced frameworks to identify and manage risks and business continuity in accordance with the best international standards and practices, which enhances their ability to deal with potential changes and challenges efficiently and flexibly. The UAE Central Bank continues to coordinate continuously with the relevant authorities and financial institutions to follow developments and ensure full operational readiness and the continuity of financial and banking services without being affected.

Continuous monitoring and precautionary policies

The Governor of the Central Bank of the Emirates, Khaled Mohammed Al-Amaa, said that based on our supervisory and regulatory role, we continuously monitor indicators of financial stability and monetary liquidity in the banking and financial sector, and we conduct periodic assessments and stress tests to ensure the safety of the banking and financial system. The Central Bank also has an integrated system of precautionary monetary policies and tools that enable it to intervene in a timely manner to maintain the stability of the banking and financial sector and enhance levels of trust and confidence, as the Central Bank played this role in the various circumstances that the region went through.

Confirm commitment

In conclusion, Al Amma renewed the commitment of the UAE Central Bank to continue its role in monitoring developments and full readiness and providing the necessary support to preserve the gains achieved over more than five decades of prosperity and to continue contributing to the country’s development process.