In the fourth quarter in the UAE, positive dynamics in financial markets continued. The banking sector demonstrated resilience and adaptability in challenging conditions.
According to the report, the level of non-performing loans decreased, while bank liquidity stabilized. Banks paid more attention to digitizing services to enhance customer convenience and improve operational efficiency.
Regulators actively worked on improving the regulatory framework, which contributed to the development of financial technologies and digital solutions. This stimulated innovation and created a favorable environment for the development of the financial sector of the country.
It is expected that in the future, the banking sector will continue to demonstrate resilience and adaptability in changing economic conditions, contributing to the development of the financial system of the UAE.
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"We continue to monitor the dynamics of financial markets and the banking sector in the UAE. Despite the challenges we face, we see positive trends and are ready for further development," noted the representative of the Central Bank of the UAE.
