Sheikh Khalifa appoints Khaled Al Tameemi as governor of Central Bank of the UAE

"He also worked to remove many of the obstacles that were facing the banking sector, during the crisis period," Sheikh Mansour added.
Liquidity in the UAE’s banking system returned to pre-Covid-19 levels and banks have substantially reduced their use of the Targeted Economic Support Scheme (Tess), – the Dh50 billion ($13.61bn) zero-cost funding programme set up one year ago to help lenders maintain funding flows through the economy – the central bank said last month.
The amount lenders are drawing down from Tess declined to Dh22bn, half of the maximum drawdown of about Dh44bn reached in Q2 2020.
The funding programme, which was extended to June 30, is part of local and federal support packages worth Dh388bn, the Minister of Economy Abdulla bin Touq said in December.

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