The Central Bank of the UAE (CBUAE) has announced the results of a proactive support package designed to reinforce the stability of financial institutions and assist businesses and individuals navigating recent economic challenges. The initiative has delivered a total of $1.69 billion in financial relief.
Quick Facts
- Total relief package value: $1.69 billion.
- Over 65,000 beneficiaries received support.
- Financial aid extended to 4,335 SMEs.
A Lifeline for Priority Sectors
The support measures were distributed across a wide range of recipients, benefiting 60,559 individuals, 4,335 small and medium-sized enterprises, and 485 large corporates.
Key sectors feeling the economic strain received priority. The package supported 173 hospitality companies, 361 transport firms, and 134 entertainment businesses, providing critical relief through loan deferments, interest waivers, and fee suspensions.
How the Support Measures Work
Affected businesses and individuals can coordinate directly with their banks to access the relief measures. The package allows for the deferral of loan repayments for up to six months without the loan being classified as a default.
It also includes the suspension of interest and fees on affected facilities and ensures continued access to financing. Eligibility is open to all corporations, SMEs, and individuals impacted by economic disruptions, with no minimum loan size required to qualify for the program.
Banking Sector Shows Continued Growth
Alongside the relief efforts, the CBUAE reported positive growth indicators for the UAE banking sector. Between March 1 and May 1, 2026, the sector’s assets increased by 2.1%.
During the same period, loans grew by 3.2% and deposits saw a 1.9% rise. The monetary base cover ratio was reported at a healthy 115.3%, indicating a stable financial foundation.
About The Central Bank of the UAE (CBUAE)
The Central Bank of the UAE is the primary regulatory body of the banking and financial system in the United Arab Emirates. It is responsible for managing the country’s currency, monetary policy, and banking regulations to promote financial and monetary stability, efficiency, and resilience in the financial system.
Source: Fast Company Middle East
