CBUAE support package reaches AED6.2 billion

Total support reaches AED6.2 billion

The CBUAE said the total value of facilities benefiting from the package reached AED6.2 billion, including loan deferments, interest relief and fee waivers.

More than 65,000 beneficiaries supported

It noted that the number of beneficiaries reached 65,379, including 60,559 individuals, 4,335 small and medium-sized enterprises, and 485 corporates.

Priority sectors receive targeted support

The central bank added that priority sectors benefiting from the package included the hospitality sector with 173 companies, the transport sector with 361 companies, and the entertainment sector with 134 companies.

Banking sector records continued growth

The CBUAE affirmed the continued growth of the banking sector during the period from 1st March, 2026 to 1st May, 2026, with assets rising by 2.1 percent, loans by 3.2 percent and deposits by 1.9 percent, while the monetary base cover ratio reached 115.3 percent.

Continued communication with banks encouraged

It confirmed that affected establishments may continue communicating with banks during the specified period.

Support mechanisms for affected establishments

The CBUAE explained that the support mechanisms available to affected establishments include deferment of repayment instalments for up to six months without classification as default, suspension of interest and fees on affected facilities, in addition to the continuation of credit financing for priority economic sectors.

Eligibility criteria for beneficiaries

It added that eligibility criteria stipulate that establishments affected by economic disruptions are eligible to benefit from deferred instalments, with the hospitality, transport and other affected sectors receiving priority in implementation.

Eligible entities include corporates, small and medium-sized enterprises, and individuals, while no minimum loan size is required to benefit from the support package.