"Abu Dhabi Islamic": Central Bank measures enhance the stability of the financial system
Abu Dhabi, March 18 / WAM / Mohammed Abdul Bari, Group CEO of Abu Dhabi Islamic Bank, confirmed that the precautionary measures adopted by the Central Bank of the United Arab Emirates reflect a proactive approach that enhances the stability and strength of the financial and banking system in the UAE, in light of the current global and regional changes.
He stated that the measures confirm the strength of the foundations on which the banking sector in the UAE is based, supported by high levels of liquidity, strong capital rules, and a solid regulatory framework. They also contribute to enhancing the flexibility of financial institutions and enabling them to continue performing their role in supporting economic activity and maintaining financial stability.
He stated that the steps embody the commitment of the concerned authorities to always be prepared to take the necessary proactive measures and tools to maintain the stability of the financial system and enhance confidence in it in various circumstances.
He stressed the bank’s full commitment to comply with the directives of the Central Bank of the United Arab Emirates, and to continue working closely with regulatory authorities and the banking sector to support the national economy and consolidate financial stability.
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