generality "Emirates banks" The 2025 strategy for the development of the banking sector is approved

Abu Dhabi, April 22/ WAM/ The Emirates Banking Federation held its annual public association meeting, headed by His Excellency Abdulaziz Al Ghurair, Chairman of the Board of Directors of the Emirates Banking Union, and in the presence of the members of the Board of Directors of the Federation and representatives of member banks.
According to a press release issued today, during the meeting, the members approved the previous minutes of the General Assembly that was held on April 29, 2024, and the audited financial statements and the report of the auditors for the year 2024, and the General Assembly discharged the members of the board of directors and auditors for the fiscal year ending on December 31, 2024, and the auditors were appointed for the year 2025.
The General Assembly approved the goals and strategic plans of the Emirates Banking Union for the year 2025, which was approved by the Board of Directors in its last meeting held before the General Assembly, in order to develop the banking sector in the UAE and preserve the gains achieved by the UAE and consolidate its pioneering position within the first financial, economic and commercial centers globally.
The General Assembly stressed the importance of supporting the solid foundations of the banking industry, enhancing its role in economic development, and achieving the strategic goals of the UAE, explaining that the continuation of the strong performance of the UAE banks in the year 2024 while maintaining high rates of financial safety indicators confirms the effectiveness of the UAE Central Bank’s vision and its policies in providing the necessary frameworks for the sector’s growth and providing a safe banking experience for various customer segments.
Participants at the General Assembly meeting praised the efforts made by the Emirates Banking Federation in strengthening resettlement, which aims to increase the number of citizens working in banks and insurance companies according to the UAE Central Bank’s plan, pointing to the achievements that were achieved in this context, as the members of the federation were able to overcome the settlement targets for the year 2024 by 152.9%.
The General Assembly of the Emirates Banks Union stressed the importance of continuing these efforts and increasing training programs to keep pace with the accelerated developments in the banking and financial industry and digital transformation.
The members of the General Assembly of the Emirates Banks Union expressed their appreciation for the initiatives and programs led by the Federation during the year 2024, which contributed to enhancing confidence in the banking sector, as the UAE is one of the first countries in the world in the confidence index at a rate of more than 90%, and the banking sector is the most sectors that have the confidence of customers in the UAE.
The General Assembly praised the Etihad initiatives, which confirmed its effectiveness in accelerating digital transformation with the protection of digital infrastructure, combating fraud, consolidating the integrity and safety of the financial system in the UAE by working to ensure the compliance of all members of the Union of laws, regulations, supervisory and supervisory guidelines, and follow the highest standards of governance, transparency, and risk management under the direct supervision of the United Arab Emirates Central Bank.
The General Assembly called for redoubling efforts to enhance financial inclusion and provide the best services and banking products to customers, with a focus on providing suitable products and solutions for small and medium -sized companies and entrepreneurs.

She praised Al -Ittihad’s efforts to enhance cooperation with strategic partners, federations and friendly banking societies.
The General Assembly stressed the importance of advancing efforts related to sustainable financing to achieve the goals of the UAE for climate neutrality, and to lay the necessary foundations to ensure the transition to sustainable solutions, praising the awareness and training programs organized by the Federation within its efforts to introduce workers in the sector to developments and keep pace with the developments in the sector and provide appropriate channels to exchange ideas and opinions that contribute to developing banking work in the UAE.

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