UAE Banks Federation holds its Ordinary Annual General Assembly Meeting

Dubai, UAE, March 28, 2017:  The UAE Banks Federation (UBF), a professional body representing 49 member banks operating in the UAE, held its Ordinary Annual General Assembly Meeting at Commercial Bank of Dubai Head Offices. The meeting, chaired by H.E. AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, was attended by UBF Board members and representatives of member banks.

During the meeting, members reviewed key UBF activities and achievements in 2016 and identified priority issues for 2017, while commending the ongoing coordination and consultation with the Central Bank of the UAE and other stakeholders. The meeting also discussed and approved the Financial Statements and Auditors' Report for 2016 as well as budget for 2017.

In addition, the meeting approved the creation of the three new technical committees, namely: wealth management, Retail Credit, and Finance, and which brings total number of UBF specialized committees to 19. The meeting also reviewed and commended the productivity and performance of the committees and the progress made in implementing initiatives, among others, aimed at boosting innovation, improving customer satisfaction and experience, enhancing Emiratization, and supporting SME growth and empowerment.