Overall liquidity in UAE banking system back to pre-Covid levels – Central Bank
- Date: 16-Mar-2021
- Source: Gulf Business
- Sector:Financial Services
- Country:UAE
Overall liquidity in UAE banking system back to pre-Covid levels – Central Bank
The governor of the Central Bank of the UAE (CBUAE) said on Monday that the overall liquidity of the nation's banking system has returned to pre-Covid levels.
The observation was made during a meeting between Abdulhamid M. Saeed Alahmadi, governor of the CBUAE, with CEOs of the largest banks operating within the country.
"Our base projection envisages recovery of the UAE economy in 2021 with the real GDP to increase by 2.5 per cent. CBUAE will continue to closely monitor market and economic developments both in the UAE and globally,“ said Alahmadi, according to state news agency WAM.
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