6.2 billion dirhams, the value of the facilities benefiting from the support package to enhance the flexibility of financial institutions

Today, the Central Bank of the United Arab Emirates announced the most prominent outcomes of the comprehensive proactive support package to enhance the resilience of financial institutions.
The Central Bank explained that the total value of the facilities benefiting from the package amounted to 6.2 billion dirhams, and included postponement of loans, interest reduction, and exemption from fees.
He pointed out that the number of beneficiaries of the package reached 65,379 thousand, including 60,559 thousand individuals, 4,335 thousand small and medium enterprises, and 485 major companies.
The Central Bank stated that the priority sectors benefiting from the package included the hospitality sector with 173 companies, the transportation sector with 361 companies, and the entertainment sector with 134 companies.
The Central Bank confirmed the continued growth of the banking sector. During the period from March 1, 2026 to May 1, 2026, assets increased by 2.1%, loans by 3.2%, and deposits by 1.9%, while the monetary base cover ratio reached 115.3%.
He stressed the possibility of affected establishments continuing to communicate with banks during the time period.
He explained that the support mechanism available to affected facilities includes postponing payment installments for a period of up to 6 months without registering a default, suspending the calculation of interest and fees on the affected facilities, in addition to continuing credit financing for priority economic sectors.
He stated that the eligibility criteria include that establishments affected by economic turmoil are eligible to benefit from installment payment deferrals, and that the hospitality, transportation, and other affected sectors have priority in application. Eligible entities include large companies, small and medium enterprises, and individuals, and no minimum loan size is required to benefit from the support package.