UAE Central Bank unveils more measures to shore up banks

UAE Central Bank unveils more measures to shore up banks

UAE Central Bank unveils more measures to shore up banks

2 hours ago

The relaxation of the two structural liquidity ratios aims to further facilitate the flow of funds from banks into the UAE economy. WAM

The Board of the Central Bank of the UAE (CBUAE), has decided on additional measures within the Targeted Economic Support Scheme (TESS), launched initially in March 2020 to further enhance the capacity of the banking sector to support the economy.

A press statement issued by the Bank said that these measures consist into reviewing the existing thresholds of two prudential ratios: the Net Stable Funding Ratio (NSFR), and the Advances to Stable Resources Ratio (ASRR), by temporarily relaxing the requirements for the structural liquidity position of banks.

This step comes as an additional measure encouraging banks to strengthen