The Central Bank of the UAE (CBUAE) has announced a US$1.69 billion financial relief package to support individuals, SMEs, and large corporates facing recent economic pressures.
The initiative has reached 60,559 individuals, 4,335 SMEs, and 485 large corporates, with targeted support directed toward sectors under strain, including transport (361 firms), hospitality (173), and entertainment (134).
Under the programme, eligible borrowers can defer loan repayments for up to six months without being classified as in default.
The package also includes suspensions on interest and fee payments for affected facilities, alongside continued access to bank financing.
All corporations, SMEs, and individuals impacted by economic disruption are eligible, with no minimum loan size requirement.
Affected entities can access the relief measures directly through their respective banks.
Alongside the support package, the CBUAE reported steady growth in the domestic banking sector.
Between March 1 and May 1 2026, banking assets rose 2.1%, while loans increased 3.2% and deposits grew 1.9%.
The monetary base cover ratio stood at 115.3%, which the central bank said reflects continued financial stability.
Featured image credit: Edited by Fintech News UAE, based on image by CBUAE
