The Central Bank of the UAE (CBUAE) is closely monitoring Invest Bank's financial developments
Last Update: Monday, December 17, 2018 : 09:04 (+4GMT)
Dubai, UAE, December 17, 2018: The Central Bank of the UAE (CBUAE) is closely monitoring Invest Bank's financial developments for some time and has been working with the bank and the Government of Sharjah to develop a plan to strengthen its capital base. In this regard, the Government of Sharjah, is firmly committed to support the bank via a direct equity investment and this plan will be presented at the bank's AGM scheduled for the 29th December 2018 for approval.
In the meantime, the CBUAE will support Invest Bank with all the available liquidity facilities, which remain at Invest Bank’s disposal; if, and when, needed.
Previous Article
Union Insurance signs agreement with DEWA to provide exclusive di...
Next Article
UAE, Saudi Arabia using fintech for cross-border settlements
Related Articles More Business & Economy ›
Most Viewed – Last 30 Days
- Five ways Emirates is helping customers travel with greater confidence... [1982-Views]
- H.H. Sheikh Ammar bin Humaid Al Nuaimi chairs Ajman Bank Board Meeting... [1879-Views]
- Sheikh Zayed Falcon Release Programme releases 2,400+ falcons in the wild sinc... [1416-Views]
- MS Dhoni Joins Malabar Gold & Diamonds as Brand Ambassador, Strengthening the ... [1326-Views]
- UAE International Investment Council Holds Second Board Meeting, Appointing Ke... [1298-Views]
- Dubai celebrates residents as destination's most powerful advocates through ne... [1225-Views]
- Fertiglobe More Than Doubles Adjusted EBITDA in Q2 2026, Proposes H1 2026 Divi... [995-Views]
- Dubai's off-plan market raises the bar for next-generation landmark luxury dev... [991-Views]
- e& UAE leads industry transition to 5G-native IoT with successful testing of R... [990-Views]
- 10th Al Dhaid Date Festival draws large crowds, celebrating the UAE's rich agr... [932-Views]
- How to Choose the Right Medical Insurance in Dubai Based On Your Lifestyle?... [926-Views]
- e& UAE activates the highest 5.5G modulation (1024QAM) on its live network — a... [923-Views]
- Record Profits Driven by Resilience, Sustainable Growth and a Fortress Balance... [908-Views]
- Al Masaood Automobiles Achieves Highest-Ever Score in Nissan's Global Dealersh... [880-Views]
- Al Masaood CVE Set to Go to UD Trucks Extra Mile Challenge Global Finale in Ja... [868-Views]
- UAE National Team steps up preparations for Jiu-Jitsu World Championship in Ab... [829-Views]
- Sensational Tadej Pogačar Claims Fifth Tour de France Title in Seven Year... [814-Views]
- Ufc brings blockbuster action to abu dhabi on october 24 with ufc® 333... [789-Views]
- Abra Group and Etihad Airways establish strategic partnership to strengthen co... [778-Views]
- Etihad Airways and Africa World Airlines sign strategic partnership agreement... [767-Views]
