CBUAE grants Dh16 billion in loan deferrals to 156,000 customers through August

The Central Bank of the UAE has granted financial relief to 155,970 bank customers nationwide, covering loans worth Dh15.9 billion. The measures run through the end of August. Retail customers received the largest share, with 148,681 individuals receiving repayment deferrals worth Dh2.3 billion. About 849 private sector companies received Dh10.7 billion in support, while 6,441 small and medium-sized enterprises secured deferrals worth Dh2.9 billion. The package also waives commissions and fees. The CBUAE launched the Financial Institutions Resilience Package (FIRP) in March, following the regional conflict that broke out on February 28. By July 30, deferrals had reached Dh13.5 billion across 135,031 customers. Banks including Abu Dhabi Islamic Bank and Emirates NBD ran their own schemes alongside, offering deferrals and fee waivers.