Thursday 19 September 2019

EIBFS, Al Etihad Credit Bureau to boost financial literacy

DUBAI, May 8, 2019

Emirates Institute for Banking and Financial Studies (EIBFS) said it has signed a MoU with Al Etihad Credit Bureau, (AECB) to promote financial literacy in the UAE.

The MoU mandates the two parties to launch joint financial education initiatives with the aim of fostering responsible money management habits among consumers in the UAE, remarked Jamal Al Jassmi, the general manager of EIBFS, after sealing the agreement with Marwan Lutfi, the chief executive of AECB at the EIBFS Dubai campus.

The duo has also been tasked with co-hosting trainings and thought leadership events to familiarise the finance professionals with the latest developments in the banking industry, stated Al Jassmi.

"In a world of growing economic complexities, we firmly believe that financial literacy is a core life skill and the key to a well-informed and financially sound society. As such, it is also the subject of an important ongoing conversation in the UAE," noted the top official.

Al Jassmi said: "In line with our commitment to helping bridge the knowledge gap for a more secure financial future, and long-term growth and prosperity, we recognize the crucial need to expand and enhance personal finance education in our country."

"As part of this priority, we are pleased to partner with AECB to provide citizens and residents of the UAE with the necessary knowledge to make prudent financial decisions," he added.

Lutfi said the Bureau was proud to join forces with EIBFS for improving the financial well-being of the UAE population – a core area of focus for AECB.

"The collaboration aligns with our wider objectives of promoting financial knowledge and boosting financial inclusion in the country," he added.-TradeArabia News Service


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