UBF Annual General Assembly Endorses Priorities and Approves Action Plan for 2018

The UAE Banks Federation (UBF), held yesterday (Monday 23, 2018) its Annual General Assembly Fulfilling in Dubai. HE Abdul Aziz Al Ghurair, Chairman of UAE Banks Federation, commanded the conference, which was gone to by UBF's Board of Directors as well as senior representatives of the member banks. The conference assessed the federation's key activities and achievements in 2017 and authorized priorities and activity prepare for 2018.

The meeting discussed and accepted the audited Financial Statements and Auditors' Report for 2017 for UBF and ratified its budget for 2018. The participants complimented the useful role of UBF, with the assistance of members bank CEOs, towards adding to increasing the requirements of banking and advertising a growing banking market. The participants also complimented the key efforts of UBF that consist of the launch of the cyber risk knowledge sharing platform and in addition to developing the moral selling structure. They better applauded the Reserve bank of the UAE's launch of the EIBOR regulation.

Furthermore, the meeting assessed the progress recognized in applying campaigns customized and introduced by UBF's 20 technical committees during 2017 and commended their important efficiency and efficiency. The attendees also applauded the relentless initiatives made by the committees in boosting innovation and improving consumer experience and satisfaction and elevating the profile of UBF and the banking industry.