Central bank stress test shows UAE banking sector remains solid | Banking – Gulf News
The UAE banking system remains resilient despite challenging operating environment from the repercussions of the COVID-19 pandemic, according to results of the latest Financial Stability Report (FSR) of the Central Bank of UAE.
Core banking indicators pointed towards adequate funding and liquidity positions and sustained lending capacity. However, vulnerability of the banking sector remained as the economic slowdown weighed on asset quality.
The surge in impairment charges and lower operating income reduced profitability. However, aggregate capital buffers remained adequate and well above regulatory requirements.
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