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The BAE banking sector is well-positioned to manage regional developments: CBUAE President

WAM Bot • 05.03.2026 13:41
ABU DHABI, March 5, 2026 (WAM) -- Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE), emphasized that the UAE's banking and finance sector continues to demonstrate the highest levels of resilience and stability. He noted that banks, financial institutions, and insurance companies across the country are operating normally and providing uninterrupted and efficient services to customers and the public. Balama stated that the CBUAE has been building a legacy of distinguished success for over 53 years. In line with the rational vision of the UAE leadership, he remarked that the Central Bank plays a central role in maintaining the resilience, strength, and stability of the nation's financial and banking system. Despite the series of geopolitical developments in the region during this period, the Central Bank and the UAE's banking and finance sector have consistently demonstrated strong capacity for resilience, adaptability, and sustainable growth. This situation has further reinforced the UAE's position as a reliable and secure destination and a leading financial center at both regional and global levels. "This enduring legacy reflects the strength of the foundations upon which the UAE's financial and banking system is built; it is grounded in sound governance, institutional discipline, diversification of the financial sector, proactive risk management, and a high level of preparedness to effectively respond to regional developments," he said. The CBUAE Governor noted that the UAE's banking and finance sector continues to maintain very strong capital adequacy and liquidity levels. The capital adequacy ratio currently stands at 17%, while the Liquidity Coverage Ratio exceeds 146.6%, both significantly above the regulatory thresholds recommended by international supervisory bodies and global financial institutions. Additionally, the total assets of the UAE banking and finance sector have now surpassed 5.42 trillion AED, reflecting the scale, resilience, and strength of financial institutions operating in the country; it also demonstrates the capacity to meet obligations under various conditions and support economic activities. "I once again confirm 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 to ensure the uninterrupted, secure, and seamless functioning of banking and financial services," Balama added. Financial and banking institutions operating in the UAE implement advanced frameworks for risk identification, risk management, and business continuity in line with leading international standards and best practices. This further strengthens their capacity to respond agilely and resiliently to potential developments and emerging challenges. He stated that the CBUAE maintains close coordination with relevant authorities and financial institutions, closely monitoring developments to ensure the uninterrupted provision of banking and financial services nationwide. "In line with our supervisory and regulatory authority, we continuously monitor key indicators related to financial stability and liquidity in the banking and finance sector. We also conduct regular assessments and stress tests to ensure the ongoing soundness and resilience of the financial system," he added. The Central Bank also maintains a comprehensive framework of prudent and monetary policy tools that enable it to take timely and appropriate measures to preserve financial stability and reinforce confidence in the banking and finance sector when necessary. The Central Bank has consistently fulfilled this role under various conditions in the region. "As a result, I reaffirm the CBUAE's determination to closely monitor developments, maintain full operational readiness, and provide the necessary support to preserve the achievements made over more than 50 years; we will also continue to contribute to the UAE's sustainable development journey," Balama said. (Source: WAM.ae)