UAE banking sector has strong foundation to continue growing – Gulf Today

UAE banking sector has strong foundation to continue growing – Gulf Today

UAE is among the top seven financial hubs in the world.

Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation (UBF), the unified representative and voice of UAE banks, said that the banking sector in the UAE has a solid foundation to continue to grow and meet fast-evolving customer requirements as he spoke at the Abu Dhabi Financial Week.

The event, organised by Abu Dhabi Global Market (ADGM) in cooperation with the Department of Economic Development - Abu Dhabi, was participated by UAE Banks Federation as a strategic partner.

Addressing over 500 prominent investors and experts in the financial sector from 30 countries at the event, he said, “UAE banks are well capitalised and profitable, which are prerequisites to enhancing the stability of the sector in the long term, under the supervision of the Central Bank of the UAE.”

Abdulaziz Al-Ghurair praised UAE Banks Federation’s strategic partnership with ADGM, which constitutes