Target Economic Support Scheme : TESS

Details

Date:18/08/2020 - 18/08/2020
Time:11:00 - 12:30
Venue:Webinar
AusBG members are invited to join AmCham Abu Dhabi’s Legal Affairs Committee live webinar to as they discuss the  Targeted Economic Support Scheme (TESS).
Businesses throughout the UAE have faced unprecedented cash flow and credit challenges arising from the Covid-19 pandemic. To help address these, the Central Bank of the U.A.E. has launched the Targeted Economic Support Scheme. It is designed to afford temporary payment relief to borrowers, to relieve existing capital buffers to banks to release lending capacity, and to set out expectations for participants in the program.
Please click here to read the official Press Release from the Central Bank of the U.A.E. about individuals, SME’s and private corporate customers seeing the values of TESS.
Please join the panel of experts for a discussion of this important program.
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