CBUAE Governor Convenes CEOs Of Banks Operating In UAE To Discusses Banking Sector Performance
Faizan Hashmi | Published October 05, 2026 | 05:45 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 05th Oct, 2026) Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE), convened a meeting with the chief executive officers (CEOs) of banks operating in the UAE, in the presence of assistant governors and senior officials.
The meeting reaffirmed CBUAE’s commitment to strengthening its partnership with the banking sector, safeguarding financial stability, and monitoring developments across the UAE’s financial system.
It reviewed the latest financial indicators and data for the UAE’s financial and banking sector, highlighting:
- The banking sector's financial soundness and stability, underpinned by the UAE’s sustained economic growth.
- Continued strength in banking assets (up 12.9% YoY), credit and financing (up 18.8% YoY), and bank deposits (up 13.0%).
- Improved asset quality with a declining NPL ratio to 2.6% and a net NPL ratio of 1.2%.
Participants also discussed the implementation progress of the Financial Institutions Resilience Package (FIRP), launched in March 2026:
- Support for continued business growth and strengthening the resilience of the national economy.
- Positive outcomes, including payment deferrals and fee waivers on AED 15.9 billion in loans for 155,971 customers.
- Approximately AED 10.7 billion in support for 849 private sector companies, AED 2.9 billion in loan repayment deferrals for 6,441 SMEs, and AED 2.3 billion in loan repayment deferrals for 148,681 individual customers.
Participants commended the package's effectiveness.