UAE President Sheikh Mohamed praises banks backing Emirati debt relief drive

UAE President Sheikh Mohamed bin Zayed Al Nahyan has received a delegation of banks and financial institutions that contributed to a national initiative aimed at waiving the debts of Emiratis facing financial difficulties.

The meeting, held at Qasr Al Bahr in Abu Dhabi, brought together representatives of institutions supporting the Defaulted Debts Settlement Fund, which is leading the initiative in cooperation with banks across the country.

During the meeting, Sheikh Mohamed bin Zayed expressed his appreciation for the role played by the financial sector, stressing the importance of embedding social responsibility within institutions. He said that strengthening this culture contributes directly to national cohesion and resilience.

His Highness praised the initiative for providing relief and renewed hope to many Emirati families, describing it as a meaningful contribution to social stability, which he highlighted as a key national priority.

He also underlined that when institutions fulfil their social responsibilities, they help advance the UAE’s broader development vision, which is built on strong partnerships between government, public institutions and the private sector. Successful development models globally, he noted, are rooted in such cooperation.

Members of the banking delegation reaffirmed their commitment to supporting national initiatives that promote social and family stability. They also voiced continued support for the leadership’s efforts to ease financial pressures on citizens and enhance the quality of life for Emirati families.

The meeting was attended by a number of senior leaders, sheikhs, ministers and officials, reflecting the importance placed on collaboration between the public and private sectors in delivering social impact initiatives across the UAE.