Gradual improvement in banking indicators

The UAE Central Bank on Monday said there is gradual improvement in banking indicators.

The board of directors of the Central Bank, which met in Abu Dhabi on Monday, reviewed a report submitted by the Senior Executive Director of the Banking Supervision and Examination Department regarding the banking position and banking statistics, which showed gradual improvement in banking indicators.

The board also reviewed applications submitted by banks operating in the UAE to expand their businesses and open new branches, and reviewed applications for establishing companies to undertake financial activities and money changing business. The board approved the applications, which fulfill the terms as per the law and regulations, as applied to each business activity, said a press statement.
The board also discussed a memorandum on preparation of Macro Prudential Regulation.

The board met under the chairmanship of Khalil Mohammed Sharif Foulathi, Chairman of the board. It was attended by Khalid Juma Al Majid, Deputy Chairman of the Board, Sultan Bin Nasser Al Suwaidi, the Governor, board Members Younis Haji Khoori, Mubarak Rashid Al Mansouri, Khalid Ahmed Altayer, and Khalid Mohammed Salem Balama and Deputy Governor Mohamed Ali Bin Zayed Al Falasi

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