Abu Dhabi, UAE – The UAE Central Bank announced, on Friday, the most prominent results of the outcomes of the comprehensive proactive support package to enhance the flexibility of financial institutions.
The Central Bank explained that the total value of the facilities benefiting from the package amounted to 6.2 billion dirhams. It included loan deferrals, interest reductions, and fee waivers.
He pointed out that the number of beneficiaries of the package reached 65,379 thousand, including 60,559 thousand individuals, 4,335 thousand small and medium enterprises, and 485 major companies.
The Central Bank stated that the priority sectors benefiting from the package included the hospitality sector with 173 companies. The transportation sector has 361 companies, and the entertainment sector has 134 companies.
Banking sector growth
The Central Bank confirmed the continued growth of the banking sector. During the period from March 1, 2026 to May 1, 2026, assets increased by 2.1%. Loans amounted to 3.2%, deposits amounted to 1.9%, and the cash base cover rate amounted to 115.3%.
He stressed the possibility of the affected establishments continuing to communicate with banks during the period of time.
He explained that the support mechanism available to affected establishments includes postponing payment installments for a period of up to 6 months without recording a default. Suspending the calculation of interest and fees on affected facilities, in addition to continuing credit financing for priority economic sectors.
He explained that the eligibility criteria include that establishments affected by economic turmoil be eligible to benefit from installment payment deferrals. The hospitality, transportation and other affected sectors are a priority for implementation. Eligible entities include large companies, small and medium enterprises and individuals, and no minimum loan size is required to benefit from the support package.
