Banking

ABU DHABI / WAM Emirates Development Bank (EDB) on Monday announced a landmark strategic milestone, recording AED1 billion in monthly financing approvals. This scale of capital deployment reinforces the UAE’s position as a global economic safe haven. While international markets navigate shifting trade dynamics and geopolitical complexities, EDB is actively executing a long-term vision to guarantee the nation’s economic resilience. …

ABU DHABI / WAM In a significant milestone that reflects the maturity of its institutional framework and reinforces its position as a leading regulatory authority, the Central Bank of the UAE (CBUAE) has obtained the BS 13500:2013 certification in Effective Governance Management Systems from the British Standards Institution (BSI). This achievement underscores the Bank’s strong commitment to applying the highest …

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) announced an increase in money supply aggregate M1 by 1.7 percent, from AED1,081.3 billion at the end of January 2026 to AED1,099.8 billion at the end of February 2026. The increase was supported by an increase in currency in circulation outside banks by 1.4 percent and in monetary deposits …

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) has announced that it mobilised and facilitated AED 20.3 billion in sustainable finance by the end of 2025, marking a strong year of execution and reinforcing its commitment to deploy AED 60 billion in sustainable finance by 2030. This performance underscores ADIB’s role as a trusted sustainable finance partner, supporting governments, …

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 …