The UAE Banks Federation (UBF) recently held its Annual General Assembly Meeting in Dubai, where the federation’s key activities and achievements in2017 as well as action plan for 2018 were reviewed and approved.

AbdulAziz Al Ghurair, chairman of UAE Banks Federation, presided over the meeting, which was attended by UBF’s Board of Directors as well as senior representatives of the member banks.

The meeting discussed and approved the audited Financial Statements and Auditors' Report for 2017 for UBF and ratified its budget for 2018. The attendees commended the constructive role of UBF, with the support of members bank CEOs, towards contributing to raising the standards of banking and promoting a thriving banking sector.

The attendees also commended the key initiatives of UBF that include the launch of the cyber threat intelligence sharing platform and as well as developing the ethical selling framework. They further applauded the Central Bank of the UAE’s release of the EIBOR regulation.  

In addition, the meeting reviewed the progress realized in implementing initiatives tailored and launched by UBF’s 20 technical committees during 2017 and commended their valuable productivity and performance.

The attendees also applauded the relentless efforts made by the committees in boosting innovation and improving customer experience and satisfaction and raising the profile of UBF and the banking industry. – TradeArabia News Service