Board of Directors of UAE Banks Federation (UBF) holds its first meeting for year 2021.
Dubai Islamic Bank is the new member on UBF’s Board of Director, represented by H.E. Hamad Buamim.
Abu Dhabi, 17 March, 2021: The Board of Directors of UAE Banks Federation (UBF), held its first virtual meeting for this year to review latest developments in the banking sector and industry’s response to COVID-19 as well as approve UBF’s objectives and strategic plan for the year 2021.
The meeting highlighted UBF Technical Committees’ 2021 endeavors and projects, the mutual and joint discussions and initiatives with Central Bank of the UAE (CBUAE), UAE Banks’ Trust Index results for the year 2020, UBF’s 2020 Annual Report, review of UBF’s 2020 audited financial statements and auditors’ report, the estimated budget for 2021, as well as the agenda for UBF’s ordinary general assembly meeting, which is planned for next week. The Board of Directors also approved several changes in memberships.
H.E. AbdulAziz Al-Ghurair, Chairman of UAE Banks Federation, expressed UBF Board of Directors’ sincere thanks to departing members for their much valued and appreciated efforts, contributions and support during their presence on UBF’s Board of Directors and welcomed H.E. Hamad Buamim, who represents Dubai Islamic Bank, to UBF as a new Board of Directors member, who will undoubtedly add great value from his experience and knowledge in the banking sector.
H.E. AbdulAziz continued to thank UBF’s Board of Directors, for their exceptional support throughout the year to UBF, all with the much appreciated guidance from the Central Bank of the UAE, as well as the close cooperation with Central Bank and all other partner authorities to maintain and strengthen UAE banking sector despite current challenging environment.