Abu Dhabi, United Arab Emirates, 10 September, 2013: Headed by H.E Abdul Aziz Abdulla Al Ghurair, Chairman of the UAE banks Federation, the members of the UBF Advisory Council held its 5th meeting in Dubai today. The meeting highlighted significant industry developments, with a focus on continued cooperation and dialogue with the Central Bank on issues and discussions that will have a positive impact on banking customers.
H.E. Al Ghurair commented: “Our discussions today highlighted the Code of Conduct significance in building a more professional and transparent environment in the interests of the banking customer. More recently, the UBF has focused on promoting cooperation between member banks and the Central Bank to betterbenefit the customer. The imminent Code of Conduct will go a significant way in building an encouraging and supportive banking environment that helps supports transparency and builds customer confidence.”
The CEO’s Advisory Council also discussed the recent launch of the m-Government initiative set forth by His Highness Sheikh Mohammed bin Rashid Al Maktoum. The Council reiterated its support of the initiative and underlined member banks’ strategies in efficiently and effectively integrating smooth and secure mobile services for customers.
The UBF announced the launch of the Middle East Banking Forum to be held on 26 November 2013 at the Jumeirah Beach Hotel in Dubai. Organised in conjunction with the Financial Times and The Banker, the UBF will welcome senior bankers and economists from the public and private sectors and high-level speakers from the region and internationally, aiming to cover the most significant banking and economic issues in the region.
H.E Al Ghurair said: "Working in close constructive cooperation with the Central Bank is a key priority for us. Since reforming as the UAE Banks Federation, we have significantly strengthened the on-going dialogue and tightened collaboration with key stakeholders from the banking industry. Streamlining these business partnerships will ultimately have a positive impact on customers, demonstrating transparency and support for the benefit of all customers. We are pleased also to launch the new UBF website soon, populated with fresh insight and useful information for the banking industry and customers.”