Regulatory Alerts2021-03-14
Minimum Capital for Banks Regulation
The Central Bank of the United Arab Emirates issued this regulation to establish minimum paid-up capital requirements for all banks operating in the UAE. The rule mandates that incorporated banks maintain at least AED 2 billion, specialized banks AED 300 million, and foreign bank branches AED 100 million at the branch level. Existing non-compliant banks are required to meet these standards by December 31, 2023, while new license applicants must submit three-year business plans demonstrating sufficient capital coverage.
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