UAE Central Bank urges banks to help private companies, SMEs, individuals
The Central Bank of the UAE (CBUAE) has urged banks to support private sector corporates, SMEs and individuals affected by the coronavirus pandemic.
At a meeting with the CEOs of banks operating in the country, the governor of the CBUAE discussed measures implemented under the Targeted Economic Support Scheme (TESS).
“We urge banks and financial institutions to act in the best interest of retail clients, private sector corporates and SMEs, which are the growth engine of our economy,” Abdulhamid Saeed, Governor of the CBUAE said.
