UAE Business: UBF commits to UAE’s sustainable socio-economic growth – Gulf Digital News

UAE Business: UBF commits to UAE’s sustainable socio-economic growth – Gulf Digital News

UAE Banks Federation (UBF), the unified representative and voice of UAE banks, has reaffirmed its commitment to support the banking sector advancement and promote the sustainable, socio-economic growth of the UAE.

On the occasion of its 40th anniversary, UBF praised the continuous support and guidance from the Central Bank of the UAE in developing policies and regulatory frameworks to maintain the safety of the banking system.

The Federation also expressed its keenness the continuing to extend support to its members to ensure safe and secure banking and best practices.

Effective platform

Abdulaziz Al Ghurair, Chairman of UBF, said: “Since its founding in 1982, the Federation has constituted an effective platform for exchanging ideas and opinions while strengthening cooperation among its members on various issues of interest to the banking and financial sector in the country. In addition, it facilitates coordination and interaction with various stakeholders, enabling innovative solutions, enhancing governance standards and promoting best practices in banking.”

He added: “The outstanding progress made by the banking sector in the UAE is a source of pride for all of us. At the same time, to maintain the sector’s key role as a driver of economic and social development, we need to enhance our capabilities, especially in