5.8 C
Qādiān
Friday, February 7, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

UAE Central imposes administrative sanctions on 8 banks

The administrative penalties stem from the eight banks’ failure to comply with Central Bank instructions not to provide loans or credit facilities to persons benefiting from loans from the Troubled Debt Treatment Fund, including debit cards. credit.

The Central Bank of the United Arab Emirates, through its supervisory and supervisory functions, ensures that all licensed financial institutions operating in the United Arab Emirates, including banks, comply with the laws in force in the country, as well as as the regulations and standards approved by the Central Bank, with the aim of preserving the transparency and integrity of banking activities and protecting the financial system of the State.

Read the Latest World News Today on The Eastern Herald.

More

Follow The Eastern Herald on Google News. Show your support if you like our work.

Author

Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Editor's Picks

Trending Stories