Banks, financial institutions and insurance companies across the UAE continue to operating normally, without disruptions, confirmed Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE).
He affirmed that the UAE’s banking and financial sector continues to demonstrate highest levels of resilience and stability.
Despite the geopolitical developments across the region, the CBUAE’s banking and financial sector have consistently demonstrated a strong capacity for resilience, adaptability and sustained growth.
"I also reaffirm that the UAE’s banking systems, payment systems, and national financial infrastructure continue to operate with full efficiency and stability. These systems are supported by advanced operational and technological frameworks that ensure the seamless, secure, and uninterrupted functioning of banking and financial services," the CBUAE Governor added.
"In line with our supervisory and regulatory mandate, we continuously monitor key indicators of financial stability and liquidity across the banking and financial sector. We also conduct regular assessments and stress-testing exercises to ensure the continued soundness and resilience of the financial system," he added.
The Central Bank also maintains a comprehensive framework of prudential and monetary policy tools that enables it to take timely and appropriate action whenever necessary to safeguard financial stability and reinforce confidence in the banking and financial sector.
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