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In an interview ahead of his much-awaited IIFA performance, the Bollywood star talks about embracing fatherhood, his craft and more
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Liquidity Rises for UAE Banks
ABU DHABI - The government’s measures to boost liquidity for the nation’s bank have paid off, as the ratio of liquid assets to short-term liabilities now stands at 92 per cent compared to 76 per cent in January 2009, a senior Central Bank official said.
This positive development is confirmed by current market rates; the three-month Emirates Interbank Offered Rates, or Eibor, has come down to around 2.3 per cent. At the same time, the Interbank market has become more liquid, which also translates into lower rates, said Saeed Abdulla Al Hamiz, Senior Executive Director of the UAE Central.
“It is reassuring to see that UAE banks have become more cautious and that the loan growth for this year is, so far on an annual basis, close to the ten per cent that is the Central Bank of the UAE’s target,” Al Hamiz said at a Swiss-UAE business workshop.
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