The Central Bank of the United Arab Emirates confirmed the implementation by the banks and financing companies of a comprehensive economic support plan aimed at supporting individuals, private sector companies and small and medium enterprises affected by the repercussions of the "Covid 19" virus.
The Central Bank welcomed the positive developments, as the percentage of banks using the funding granted to them doubled within one week to reach 60%, equivalent to employing 30 billion dirhams of liquidity facilities of 50 billion dirhams.
The Central Bank continues to direct banks and finance companies to apply the detailed regulations and instructions it issues within the economic support plan to ensure their effective participation and use them for financing in full and take quick steps to benefit the affected customers in the context of ensuring the protection and support of individuals and ensuring the continuity of the work of private sector companies and small and medium enterprises Affected.