Search DubaiPRNetwork.com

Dubai and UAE

Monday, July 4, 2022/ Editor

Home >> Business and Economy

CEOs Consultative Council of UAE Banks Federation Holds its First Meeting

CEOs Consultative Council of UAE Banks Federation Holds its First Meeting

Home >> Business and Economy

Abu Dhabi, UAE; 04 July 2022:  The CEOs Consultative Council of UAE Banks Federation (UBF), the umbrella body representing banks operating in the UAE and the unified voice for the UAE banking sector, held its first meeting under the chairmanship of H.E. Mohammad Omran Al Shamsi, Vice Chairman of UBF, Chairman of RAK Bank, and attended by CEOs of UBF member banks.

 

The CEOs Consultative Council was established as per the resolutions of the UAE Banks Federation General Assembly meeting and Board of Directors meeting, held in December 2021 and April 2022, to complement the CEOs’ Advisory Council. The newly established council will provide a broader platform for CEOs of member banks to share their opinions, benefit from their experiences, and widen decision-making bases.
The CEOs Consultative Council represents necessary support to UAE Banks Federation and the CEOs’ Advisory Council, which has continued to represent the banking sector since its inception ten years ago. The two councils will be a comprehensive advisory platform on various topics that contribute to the progress of the financial and banking sector and the UAE economy in general.


At the beginning of the meeting, H.E. Mohammad Omran Al Shamsi, the Chairman of the CEOs Consultative Council of UAE Banks Federation (UBF), welcomed the CEOs of member banks and briefed them about the Council’s operating model and rationale behind establishing it. He explained the coordination of efforts between the two before presenting UBF initiatives to the respective bodies in the country.
Mr. Jamal Saleh, Director General of the UAE Banks Federation (UBF), highlighted the UBF mission and vision as well as the role of the CEOs Consultative Council in supporting the board of directors, the CEOs’ Advisory Council, member banks and the financial and banking sector in the UAE to cement its status among the best banking sectors in the world.


Mr. Jamal Saleh also presented UBF’s plans for 2022 and beyond, its upcoming initiatives in line with Central Bank of the UAE directives, as well as significant developments and challenges the banking sector faces locally and globally and how to address them.


Highlighting the importance of engaging UBF members in the decision-making, H.E. Mohammad Omran Al Shamsi said: “The establishment of the CEOs Consultative Council confirms UBF’s belief in the value of sharing knowledge and experiences among member banks to achieve its objectives, as wells in raising public awareness about the beneficial role and distinctive contribution of UAE banks in financial, economic and social development through cooperation, communication and interaction under the supervision of the Central Bank of the UAE”.


H.E. extended his gratitude to CEOs participating in the meeting for their cooperation and continuous contributions to the financial and banking sector and urged them to benefit from this newly established council to develop solutions that meet the requirements of customers and the economy in general. H.E. also underlined the CEOs Consultative Council’s important role in enabling member banks to build a competitive and sustainable banking ecosystem that supports the socio-economic development of the UAE. Furthermore, he thanked the Central Bank of the UAE for supervision, guidance and cooperation with UBF and its initiatives.

 

 

Share


Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

Ardee Announces Sales Launch of AED 70 Million Super Mansions at Fairmont Residences Al Marjan Islan ...

Hourglass cosmetics redefines the art of self-expression with the launch of an innovative eye collec ...

Emirates expands its Premium Economy offering on services to Male and Colombo

du launches Experience X internship program to empower UAE national youth

Experience Art, Adventure, and Heritage at Dubai Culture's Summer Camps 2025

DAFZ Announces Opening of Fakeeh Health's First Smart Clinic in Dubai

Hamdan Bin Rashid Al Maktoum Foundation Launches Summer Camp 2025 for Gifted Students under the Them ...

Al Masaood Automobiles Offers Exclusive First Look at 2026 Nissan Patrol NISMO Following World Premi ...

Mohamed bin Hadi Al Hussaini, Pakistan's Minister of Finance discuss ways to enhance cooperation in ...

UAE Circular Economy Council discusses policies to accelerate shift to circular models and expand bi ...

Big Wins Continue with PrivilegePLUS at Mercato & Town Centre Jumeirah!

Dubai Customs hosts Sheikh Mansour bin Ibrahim Al-Mualla to discuss ways of cooperation and strength ...

Christophe Robin's Summer Travel Essentials for Good Hair Days

Dubai Municipality and Parkin sign agreement to enhance the efficiency of public parking infrastruct ...

Dubai Airports launches DXB Greet & Go: a smart, QR code-based pickup service at Terminal 3

Dubai Sports World Returns for Action-Packed August Edition

The World Between Lines and Symbols: An Interactive Art Workshop at Mohammed Bin Rashid Library

Malls Across Dubai Come Alive This DSS With Non-Stop Entertainment, Unbeatable Prizes, and Endless S ...

Emirates A350 debuts in Dammam

Emirates Post collaborates with Dream Dubai to launch AED100,000 prize campaign to celebrate UAE's Y ...