The banking system of the United Arab Emirates is in good shape and will be able to withstand any external shocks, the Gulf Arab country's finance ministry said on Wednesday.
"We're quite comfortable and confident of the resilience of our banking sector," Minister for Financial Affairs Obaid Humaid al-Tayer told reporters after a meeting of Arab finance ministers in Abu Dhabi.
"We remain always vigilant," Tayer said, adding that the country would always act to ensure confidence and liquidity in the banking system.
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