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Sharjah24
UAE 13.5B dirhams in loans with deferments
The Central Bank of the United Arab Emirates announced that the proactive support package launched to enhance the resilience of the banking sector has allowed for the postponement of loan repayments totaling AED 13.5 billion for 135,031 clients until July 30, 2026. The benefited loans are distributed among large corporations (AED 9.1 billion), small and medium enterprises (AED 2.4 billion), and individuals (AED 2 billion). The banking sector remains strong, with assets increasing by 12.5%, loans by 18.1%, and deposits by 14% compared to the same period last year. Data also show a significant improvement in asset quality, with the non-performing loan ratio decreasing to 2.8%, the lowest recorded level, and the volume of non-performing loans falling to AED 76 billion by the end of the second quarter of 2026, as a result of regulatory measures and alignment with international standards to boost financial system stability.
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