The Central Bank of the UAE has announced that its proactive financial support package has delivered AED6.2 billion in relief to more than 65,000 beneficiaries, covering loan deferments, interest relief and fee waivers.
The package reached 60,559 individuals, 4,335 small and medium-sized enterprises and 485 corporates. Priority sectors include hospitality with 173 companies, transport with 361 companies and entertainment with 134 companies — reflecting a targeted approach to industries most exposed to economic disruption.
Under the scheme, affected establishments can defer repayment instalments for up to six months without being classified as defaulting. Interest and fees on impacted facilities are also suspended, and credit financing continues for priority economic sectors. There is no minimum loan size required to qualify.
The central bank confirmed that the UAE banking sector remained on a growth trajectory between March 1 and May 1, 2026, with assets rising 2.1 percent, loans up 3.2 percent and deposits growing 1.9 percent. The monetary base cover ratio stood at 115.3 percent, signalling continued systemic stability.
The CBUAE reaffirmed that eligible entities — including corporates, SMEs and individuals affected by economic disruptions — may continue engaging directly with their banks throughout the designated support period.
The announcement underscores the central bank's commitment to cushioning financial institutions and borrowers alike, while maintaining the broader health of the UAE's banking system during a period of global economic uncertainty.
News Source: Emirates News Agency
