Action was taken by regulators and local banks

Globally, central bank actions have been decisive and far-reaching. the CBUAE has taken several steps to support the sector in the UAE. It is allows banks to free up their regulatory capital buffers to boost lending capacity.

Banking Sector in UAE – Post COVID

Despite the challenges presented by the pandemic, we are seeing an increasing focus on open, connected banking: successful organizations tend to be those that put their customers at the heart of their strategy