ONLY webinars - visit
Advanced Search
Home / News / Local News
Local News

Central Bank Approves Requests Of A Number Of Banks To Expand Activities And Open New Branches
(20 December 2016)


The Board of Directors of the Central Bank of the UAE has approved a number of applications of banks and other financial institutions working in the UAE to expand their activities and open new branches.

The decision was taken during the board's 11th meeting at the Central Bank office in Abu Dhabi, under the chairmanship of Khalid Juma Al Majid, Deputy Chairman. The board approved only those applications that fulfilled conditions as per applicable laws and regulations concerning each individual activity.

The meeting was attended by Mubarak Rashed Al Mansoori, the Central Bank Governor, and Board members Younis Haji Al Khoori, Khalid Mohammad Salem Al Balama, Khalid Ahmad Al Tayer, Hamad Mubarak Buamim, as well as Mohamad Ali Bin Zayed Al Falasi, Deputy Governor, and a group of senior staff.

The board also reviewed a presentation by the Banking Supervision Department on the minimum capital requirements as per Basel III and Domestic Systematically Important Banks, D-SIBs. The board approved the publication of the regulatory framework in this regard.

The board also reviewed issues presented by the Financial Control Division, and took appropriate decisions in respect of them.

The board completed the discussion of the remaining topics on its agenda, and took appropriate decisions. 

We accept Guest Posts

Download the Dubai City Guide iPhone mobile app is owned and managed by Cyber Gear

advertisement info

  All fields are mandatory
Your Name
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image


email print

News Alerts
News Alerts
Stay ahead with abu dhabi news
dcg mobile
adcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Abu Dhabi Blog
Your space, your voice
ADCG at a glance