UAE Central Bank Supports Lenders as Iran War Continues

The United Arab Emirates’ central bank rolled out a resilience package to support the banking sector and boost liquidity and lending capacity as the fallout from the Iran war ripples through regional markets and dents investor sentiment.

The measures allow lenders to access as much as 30% of their cash reserve requirement balances and tap term liquidity facilities in dirhams and US dollars, the central bank said in a statement Tuesday. They also provide temporary relief on liquidity and stable funding ratios, and include the release of key capital buffers, to support the economy.