UAE Central Bank Says Banks Operating Normally Amid Tensions
The UAE Central Bank confirmed its financial system remains stable and fully operational despite recent regional missile and drone attacks.Summary
The Central Bank of the UAE, through Governor Khaled Mohamed Balama, issued a statement assuring that banks, financial institutions, and insurers are operating with full efficiency and stability, demonstrating high resilience following escalating regional conflict and drone/missile attacks. The regulator highlighted the strong financial health of the sector, noting the capital adequacy ratio is about 17% and the liquidity coverage ratio exceeds 146.6%, both surpassing international thresholds. Total assets in the sector exceed 5.42 trillion dirhams ($1.48 trillion). Furthermore, the UAE, a growing digital asset hub, has seen some crypto companies like Bybit and Bitget activate emergency protocols and contingency plans to ensure operational continuity amid the geopolitical stress.
(Source：Cointelegraph)