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As part of the quarterly consultative meetings between the Central Bank and banks operating in the UAE, the second quarterly meeting was held. The meeting was chaired by the Central Bank Governor Sultan bin Nasser Al Suwaidi and attended by the Chairman of the Emirates Banks Association and Chief Executive Officers of banks operating in the UAE.
At the commencement of the meeting, the attendees praised President His Highness Sheikh Khalifa bin Zayed Al Nahyan's decision to settle loans in default of UAE Nationals less than AED 5 million, which would have a positive impact on the UAE citizen and the banking sector. The meeting discussed a number of issues relating to bank regulations and a number of other issues of relevance to the activities of banks. The participants then addressed the remaining items on its agenda.
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