UBF holds its first 2021CEO's Advisory Council Meeting
UBF’s CEOs’ Advisory Council discusses the Nationalization Strategy in the banking sector, reveals Trust Index results for the UAE banking sector for the year 2020, celebrates “Ghaya” graduation ceremony with the Authority of Social Contribution-Ma’an, and discusses various initiatives with Central Bank of the UAE.
Abu Dhabi, 17th March, 2021: UAE Banks Federation (UBF) held its 1st 2021 CEOs’ Advisory Council’s meeting, which convened virtually and was attended by CEOs/GMs of UBF Members and was chaired by H.E. AbdulAziz Al-Ghurair, Chairman of UBF.
The meeting focused on UBF Technical Committees’ 2021 endeavors and projects, including “Nationalization Strategy in The Banking Sector” with UBF’s HR Committee, the 2nd phase of UBF’s “Ethical Selling Framework” with a special consultant, UBF Compliance Committee’s recommendations against “Fraudulent Transactions facing the Banking Sector”, extension of UBF’s “National Fraud Awareness Campaign” for year 2021, and “Vehicle Security Benchmarking”.
The meeting also highlighted UAE Banks’ Trust Index results for the year 2020, UBF’s 2020 Annual Report, UBF’s “Race Webinar” which was held on 3-4 February 2021, 1st graduation ceremony of the Financial Literacy Program “Ghaya” which was held on 7th March in partnership with Authority of Social Contribution (Ma’an), and all the mutual and joint discussions and initiatives with Central Bank of the UAE.
H.E. AbdulAziz Al-Ghurair, Chairman of UAE Banks Federation, said: “Banking is all about relationship and customer trust. UBF will continue to work side by side with Central Bank of the UAE and UBF members on new initiatives to counter-act the effects of Covid-19, to maintain the high level of customers trust in the UAE banking sector, either by engaging and educating on best practices of financial management through financial literacy programs, or by increasing the appetite for digital banking services focusing on new innovative apps and digital banking solutions, in addition to focusing on customers’ financial protection and safety by embracing and extending the National Fraud Awareness Campaign for the year 2021 in partnership with Central Bank of the UAE, Abu Dhabi police, and Dubai Police. We are confident of the work of our 26 specialized technical committees with the guidance, support, and coordination of Central Bank of the UAE and UBF members, to ensure that the overall long-term health and soundness of the banking system.” H.E. continued.