{"id":52863,"date":"2023-03-31T13:02:25","date_gmt":"2023-03-31T09:02:25","guid":{"rendered":"https:\/\/www.uaebarq.ae\/en\/?p=52863"},"modified":"2023-03-31T13:02:26","modified_gmt":"2023-03-31T09:02:26","slug":"cbuae-revokes-licence-of-mts-bank-branch-in-abu-dhabi","status":"publish","type":"post","link":"https:\/\/www.uaebarq.ae\/en\/2023\/03\/31\/cbuae-revokes-licence-of-mts-bank-branch-in-abu-dhabi\/","title":{"rendered":"CBUAE revokes licence of MTS Bank branch in Abu Dhabi"},"content":{"rendered":"\n<p>The Central Bank of the UAE announced that it has been decided to cancel MTS Bank\u2019s Abu Dhabi licence, wind down its operations within six months from the date of the decision, under the supervision of the Central Bank, and close the branch.<\/p>\n\n\n\n<p>This decision comes after considering the available options regarding the new status of the MTS Bank and taking into account the sanctions risks associated with the bank after the designation.<\/p>\n\n\n\n<p>During the winding down, the branch will be prohibited from opening new accounts and conducting transactions, except for clearing prior obligations and the bank\u2019s use of Central Bank\u2019s payment systems will be restricted to this purpose only.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of the UAE announced that it has been decided to cancel MTS Bank\u2019s Abu Dhabi licence, wind down its operations within six months from the date of the decision, under the supervision of the Central Bank, and close the branch. This decision comes after considering the available options regarding the new status &hellip;<\/p>\n","protected":false},"author":2,"featured_media":52864,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52863","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/52863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=52863"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/52863\/revisions"}],"predecessor-version":[{"id":52865,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/52863\/revisions\/52865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/52864"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=52863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=52863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=52863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}