UAE Central Bank: Banking sector ready to face turmoil
Jakarta — Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (UAE), emphasised that the UAE’s banking and financial sector continues to demonstrate the highest levels of resilience and stability, ready to face regional developments.
“Banks, financial institutions, and insurance companies nationwide are operating normally and continue to provide services to customers and the public efficiently and without disruption across all regions,” Balama said, in a press release from the Central Bank, received in Jakarta on Friday.
He noted that through the UAE’s leadership vision, the Central Bank has played a crucial role in maintaining the resilience, strength, and stability of the national financial and banking system.
Despite successive geopolitical developments in the region during this period, Balama noted that the Central Bank and the UAE’s banking and financial sector have consistently shown the capacity to endure, adapt, and grow sustainably.
That further strengthens the UAE’s position as a trusted and safe destination and as a leading financial hub regionally and globally.
“This enduring legacy reflects the strength of the foundations underpinning the UAE’s financial and banking system, built on sound governance, institutional discipline, diversification of the financial sector, proactive risk management, and a high level of readiness to respond to regional developments effectively,” he said.
He added that the UAE’s banking and financial sector continues to maintain very strong capital adequacy and liquidity levels.
“Currently, the capital adequacy ratio stands at 17 percent, while the liquidity coverage ratio exceeds 146.6 percent, both well above regulatory thresholds recommended by international supervisory bodies and global financial institutions,” Balama further stated.
In addition, total assets of the UAE’s banking and financial sector now exceed 5.42 trillion UAE dirhams (about Rp25 quadrillion), reflecting the scale, resilience, and strength of financial institutions operating in the country, as well as their capacity to meet obligations and support economic activity in various conditions.
Balama also reiterated that the UAE’s banking system, payments system, and national financial infrastructure continue to operate with full efficiency and stability.
“These systems are supported by an advanced operational and technological framework that ensures smooth, secure, and uninterrupted provision of banking and financial services,” Balama said.