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UAE Central Bank’s TESS liquidity scheme availed by 26 banks

In the aftermath of the Covid-19 pandemic, a total of 26 banks availed the Targeted Economic Support Scheme (TESS) liquidity facility, with 17 banks drawing down 100 per cent, the board of directors of the Central Bank of the UAE (CBUAE) confirmed. In its sixth meeting this year, the board…

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