His Excellency Khalid Mohammed Belama, Governor of the Central Bank of the UAE, has stressed that the financial and banking sector enjoys the highest levels of robustness and stability, and that banking and financial institutions and insurance companies naturally continue to provide their services to the public efficiently and regularly without interruption across the country.

He stressed that the Central Bank of the UAE has been a journey full of achievements for more than 53 years, during which, thanks to the wise vision of the wise leadership, it has been able to maintain the flexibility, robustness and stability of the country's financial and banking position, and despite the successive geopolitical changes witnessed in the region during that period, the Central Bank and the country's banking and financial sector have proven a high capacity of flexibility, adaptability and growth, which has strengthened the UAE's position as an attractive, secure destination and a leading financial center at the regional and global levels.

He added that this journey reflects the strength of the foundations on which the country's financial and banking system was based, which is based on good governance, discipline, financial and banking diversification, proactivity in risk management, and high readiness to deal with regional changes.

He pointed out that the banking and financial sector in the UAE enjoys very high levels of capital adequacy and liquidity, with a capital adequacy ratio of 17%, while the liquidity coverage rate exceeds 146.6%, which exceeds the regulatory requirements recommended by international bodies and organizations.

His Excellency explained that the total assets of the banking and financial sector in the country, which exceed 5.42 trillion dirhams, are the size and strength of the financial positions of banking institutions and their ability to meet their obligations and continue to support economic activity at various times and circumstances.

He stressed that the national banking systems, payment systems and financial infrastructure are operating efficiently and stable, supported by advanced operational and technical frameworks that ensure the continuity of banking and financial operations smoothly and safely.

H.E. Al Tayer stated that banking and financial institutions operating in the UAE apply advanced frameworks to identify and manage risks and business continuity in accordance with the best international standards and practices, which enhances their ability to deal with potential changes and challenges efficiently and flexibly, stressing that the Central Bank of the UAE continues to coordinate continuously with the concerned authorities and financial institutions to follow up on developments, and ensure full operational readiness and continuity of financial and banking services without impact.

"Based on our supervisory and regulatory role, we continuously follow up on the indicators of financial stability and cash liquidity in the banking and financial sector, and conduct periodic assessments and stress tests to ensure the integrity of the banking and financial system, and the Central Bank has an integrated system of prudential monetary tools and policies that enable it to intervene in a timely manner to maintain the stability of the banking and financial sector and enhance the levels of confidence and reassurance, as the Central Bank has played this role in the various circumstances that the region has gone through.

"In conclusion, I reiterate the Central Bank of the UAE's commitment to continue its role in monitoring developments and full readiness and providing the necessary support to maintain the gains made over more than five decades of prosperity and continue to contribute to the country's development process.