Banking

ABU DHABI / GULF TIME Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has launched “Sanadna”, a dedicated initiative to support the nation’s frontline personnel, recognising those who continue to serve and safeguard the UAE. The programme is designed to deliver meaningful and timely support tailored to the needs of frontline heroes. It focuses on enhancing financial flexibility, …

ABU DHABI/WAM Investments by banks operating in the UAE increased by 2 percent on a monthly basis, rising by AED16.9 billion during January 2026 to reach AED872.3 billion by the end of the month, while annual growth reached 17.4 percent compared to January 2025, according to banking indicators issued today by the Central Bank. Data showed that banks’ investments in …

ABU DHABI/WAM Gross banks’ assets increased by 1.4% from AED 5,339.9 billion at the end of December 2025 to AED 5,413.6 billion at the end of January 2026, according to a report on the Monetary & Banking Developments – January 2026 issued by the Central Bank of the UAE (CBUAE). The report showed that the gross credit increased by 1.1% …

ABU DHABI/WAM The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged.The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity …

ABU DHABI / WAM The UAE Banks Federation affirmed that the comprehensive Financial Institution Resilience Package, approved by the Board of the Central Bank of the United Arab Emirates (CBUAE), chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of CBUAE, reflects …

ABU DHABI / WAM Wio Bank PJSC (Wio) reported a strong financial performance in FY2025, reflecting continued customer adoption and the expansion of its digital banking platform across the UAE. In its third full year of operations, the bank recorded AED1.24 billion in revenue, an increase of 55% year-on-year, alongside net profit of AED622 million, up 57%. More businesses, individuals …

ABU DHABI/WAM First Abu Dhabi Bank (FAB) held its Annual General Meeting (AGM) today virtually. All agenda ‎items were reviewed and approved, including the distribution of AED8.84 billion in cash ‎dividends for the financial year ended 31st December 2025, representing 80 fils per share and ‎the highest cash dividend in the Group’s history. Shareholders registered on March 23rd, 2026 ‎‎(i.e., …

ABU DHABI/WAM Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE), affirmed that the UAE’s banking and financial sector continues to demonstrate the highest levels of resilience and stability. He noted that banks, financial institutions, and insurance companies across the country are operating normally and continue to deliver their services to customers and the public …

AJMAN / WAM Ajman Bank’s General Assembly, during its Annual General Meeting (AGM) chaired by Sheikh Rashid bin Humaid bin Rashid Al Noaimi, Vice Chairman of the Bank’s Board of Directors, approved the distribution of cash dividends to shareholders amounting to 50% of the net profit for the financial year ended 31st December 2025, equivalent to 9.18% of the Bank’s …

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has partnered with Core42, a G42 company and full-spectrum AI enablement solutions provider, to build a sovereign financial cloud services infrastructure, the world’s first dedicated financial cloud ecosystem. Built on the latest financial technology, the sovereign financial cloud service infrastructure (SFCSI) is part of CBUAE’s Financial Infrastructure Transformation programme, …