The 92-year-old academician and politician served as the country's Prime Minister from 2004 to 2014
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Emirates Central Bank Governor Sultan Bin Nasser al-Suwaidi says ¢national and foreign banks in (the) UAE enjoy a strong financial position," in a statement released to state news agency WAM.
The country's citizens are responsible for three-quarters of deposits, he added Sunday.
Citizens represent only about 20 percent of the UAE population, which hosts large numbers of foreign workers.
Most holdings in UAE banks are located within the country rather than abroad, and ¢their parties are known and sound, contrary to what is there in other economies," al-Suwaidi added.
The 92-year-old academician and politician served as the country's Prime Minister from 2004 to 2014
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