UAE banks are in healthy strong positions with many positive financial indicators that reflect their very good performance and clients’ confidence in spite of the very political chaos in the region which disseminated many countries, affecting their economies badly.
“The Banking and financial institutions are insulated from the current turmoil in financial markets and political chaos in the region,” said the UAE Central Bank in a statement following its board’s 7th meeting for the year 2012 in Abu Dhabi.
“Based on positive financial indicators, the board had reviewed a report on the monetary and fiscal policies of the UAE and its financial stability,” said the Central Bank.
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