UAE Banks Federation’s CEOs’ Advisory Council holds its 4th meeting of the year
Abu Dhabi – 21 December, 2021: The CEOs’ Advisory Council of UAE Banks Federation (UBF), the umbrella body representing 51 banks operating in the UAE and the common unified voice for the UAE banking sector, met virtually for the fourth time this year to discuss the progress of key UBF initiatives and to decide on the next steps while the UAE banking sector continues its steady recovery from the effects of COVID-19 pandemic.
Chaired by H.E. AbdulAziz Al-Ghurair, Chairman of UAE Banks Federation, the virtual meeting discussed latest developments in the UAE banking sector, reviewed proposals submitted by UBF technical committees to undertake several industry-wide projects, and evaluated the progress and outcome of various programs launched by UBF to strengthen the banking system and improve UBF member banks’ operating efficiency.
The high-level CEOs’ Council also discussed recent improvements in operating conditions and credit demand as well as members’ efforts towards driving Emiratization at UAE banks.
Speaking on the the progress of Emiratization in the banking sector, H.E. AbdulAziz Al-Ghurair said: “The banking industry enjoys the highest rate of Emiratization amongst all industries in the public sector, and UBF has been working closely with our member banks and Central Bank of the UAE to further speed up the pace of Emiratization at our member institutions. We believe that it is UBF’s core duty to encourage the development of future Emirati leaders, and we are committed to connecting Emirati graduates with the resources that they need to succeed in their careers, to be in line with our broader focus on achieving the goals set out in UAE Government’s ‘Projects of the 50’ initiative.”