The relaxation of the two structural liquidity ratios aims to further facilitate the flow of funds from banks into the UAE economy. WAM
The total foreign assets of the Central Bank of the UAE (CBUAE), were valued at Dhs405.94 billion in February 2020, according to the latest figures released by the central bank.
Effective 12th July, 2020, the Central Bank of the UAE, CBUAE, will introduce a new deposit facility named Overnight Deposit Facility (ODF), which will enable conventional banks operating in the UAE to deposit their surplus liquidity at CBUAE on an overnight basis.
The UAE banking system concluded the year 2019 in a resilient position with adequate capital and liquidity buffers well above regulatory requirements. The banking system remained profitable
The surplus for 2022 amounted to 102 billion Saudi riyals ($27 billion), representing 2.6 per cent of GDP, according to preliminary estimates, the finance ministry said.
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