The UAE Banks Federation holds its third CEOs Advisory Council meeting in 2022, with new members joining

The UAE Banks Federation holds its third CEOs Advisory Council meeting in 2022, with new members joining

Abu Dhabi, United Arab Emirates: The CEOs Advisory Council of the UAE Banks Federation, the representative and unified voice of the UAE banks, held its third meeting of 2022 remotely on the 7th of September to discuss developments in the global and local banking and financial sector for the past eight months. The virtual meeting also reviewed the implementation of recommendations made at the last meeting in June 2022.

His Excellency Abdulaziz Al Ghurair, Chairman of the UAE Banks Federation, said, "Under the direct supervision of The Central Bank of the UAE, the UAE financial sector has proven that it is capable of successfully overcoming various challenges and changes in the global economy. The sector has always been able to strike a balance between providing the best services to customers and creating appropriate environment for sustained economic growth on one hand and adhering to international standards of governance and risk management on the other, in order to ensure the safety of the sector in general.

His Excellency welcomed the International Development Bank (IDB) and Wio Bank to the UAE Banks Federation, stressing that the board’s decision to expand its membership base to include digital banks (which focus on delivering services digitally) is