Business UAE central bank: use of 44 million dirhams of...

UAE central bank: use of 44 million dirhams of liquidity and stimulus – economic – domestic market


He said the UAE central bank, the banks operating in the state in the use of 44 million dirhams, equivalent to about 88% of the total liquidity facilities incentive amounting to AED 50 million which is developed by the central bank to contain the repercussions of the novel coronavirus (SGRF-19).

The source added in a statement on Thursday, that the number of banks that use the plan of economic support amounted to 26 banks, of which 17 banks withdraw 100% of funding granted.

The total number of clients of the beneficiaries of the support line more than 140 A of the facilities plan to support the economy overall, according to the statement.

He explained the statement, that the board of management of the bank at a meeting held for the year 2020 by visual communication on the morning of Tuesday last, under the chairmanship of Hareb Masoud Al Darmaki, chairman of the board of directors.

The meeting was attended by Abdul Rahman Saleh Al Saleh, Deputy Chairman of the board of directors, other happy, Form, members of the board of directors: Younis Haji Al Khoori, Khalid Mohammed Salem’s uncle, Khalid Ahmed Al Tayer and Mohammed healer Al Rumaithi, the meeting was also attended by a group of senior central bank staff.

The meeting reviewed the details of support for customers outside of the scope of the plan support the economic and overall, as the number of beneficiaries more than 180 thousand beneficiaries to defer loans worth a total of about eight million dirhams.

The council was informed of all the measures that have been adopted to cope with the fallout epidemic of “SGRF-19” of the liquidity facilities and the instructions and guidance directed banks to support customers affected.

Reviewed the management board reports on monitoring of the financial system, and tests the ability of the banking sector in the state to withstand the pressure and financial developments speech.

This step of the Council of the discussion of the remaining topics listed on its agenda, themes and other emerging and appropriate decisions.

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