• Final meeting of the year of Federation's Advisory Council
  • Focus on smart government,Emiratisation and Code of Conduct
  • First annual conference viewed as major success

9 December, 2013: The UAE Banks Federation's Advisory Council, has held its 6th meeting in Dubai, chaired by HE Abdul Aziz Al Ghurair. The meeting highlighted the Federation's key milestones for the year and discussed its outlook for the industry's developments and goals in the coming year.

H.E. Al Ghurair commented: “Our discussions centred on our on-going work to implement the smart government initiative, the industry's Emiratization goals and objectives, and management and future development of the Federation's recently launched Code of Conduct. Members also highlighted the Federation's significant achievements this year and reiterated the importance of continued cooperation with the Central Bank in promoting a better banking environment that benefits both customers and banks.”

The UAE Banks Federation recently hosted The Middle East Banking Forum at which senior bankers and economists from the region as well as a roster of high-level regional and international speakers discussed significant banking and economic issues. The Advisory Council noted the positive outcomes of the event and proposed ways of expanding its reach and scope in the coming year. 

H.E Al Ghurair added: "This has been a very fruitful and active year for the UAE Banks Federation and its members, and we are committed to keep up the momentum of achievement in the coming year.  We plan to launch several key initiatives to sustain a collaborative and transparent environment where both banks and customers are mindful of their rights and responsibilities, ultimately enhancing a healthy and prosperous economy.”

About UAE Banks Federation

Established in 1982, the UAE Banks Federation, a professional representative body comprising 51 member banks operating in the UAE. The Federation advocates all banks' interests, and enhances cooperation and coordination among them, in order to promote and upgrade the UAE's banking industry for the benefit of the banking sector, its customers, and the national economy.

The UAE Banks Federation's mission and objectives are focused on developing and representing the interests of the member banks and defending their rights. It facilitates the exchange of banking, financial and monetary information in the regional and international fields, and coordinates cooperation around banking procedures and in the areas of legal, technical and administrative affairs. The federation plays a major role in raising public awareness around the beneficial role and distinctive financial, economic and social contribution of the banks to the UAE.

The Federation has an Advisory Council consisting of Bank CEOs which oversees the implementation of the policies, follows up on UBF's activities and makes necessary decisions, a steering committee and ten specialized technical committees, covering and discussing all relevant banking issues.