FINANCIAL NEWS

UAE central bank is set to face possible slowdown

17 Nov 2015

(MENAFN) The Central Bank of the UAE aims to work with its investors to raise an institutional help so that SME sector will take a good place to deal with market forces.

In addition to that; it also tries to grow institutional support for SMEs to assist them in offering better documentation to banks, it also searches a well-designed scheme.

However; one of the greatest challenges the banking sector, which has reached USD 0.653mn in assets,” is the slowdown in customer credits,” Central bank Governor said.

He also added, “The central bank welcomes the recent diversification of funding sources, like issuance of bonds and sukuks, to finance growth of banks’ credit.”

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