"Consultant to CEOs of banks" Holds its first meeting of 2026 and praises the proactive support package
ABU DHABI, April 10, 2018 (WAM) – The Advisory Council of CEOs of member banks of the UAE Banks Federation held its first regular meeting for the current year.
The Council explained in a statement today that the meeting reviewed the performance of the banking and financial sector, discussed developments, and discussed the initiatives and plans of the UAE Banks Federation to develop the financial and banking sector during the current year.
The meeting praised the comprehensive proactive support package approved by the Board of Directors of the Central Bank of the United Arab Emirates, headed by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the State, Deputy Prime Minister, Head of the Presidential Office, and Chairman of the Board of Directors of the Central Bank, reiterating the commitment of the UAE Banks Federation to cooperate with various stakeholders in order to enhance the flexibility and capabilities of the banking and financial sector, and to consolidate its stability and strength.
His Excellency Abdul Aziz Al Ghurair, Chairman of the Board of Directors of the UAE Banks Federation, said that in light of the vision of the wise leadership and advanced strategies and policies, the UAE was able to consolidate its position as a leading financial and banking center, and was distinguished by its ability to confront challenges and turn them into opportunities for growth and prosperity, while the comprehensive proactive support package comes as an affirmation of the confidence and support of the Central Bank of the United Arab Emirates, which is keen to establish appropriate frameworks to ensure the stability of the banking and financial sector, and to carry out its assigned role in economic and social development and achieve strategic priorities. For the UAE.
His Excellency added that the successes achieved by the banking and financial sector confirm the strength and solidity of the foundations laid for it by the UAE, reiterating the commitment to maintaining these achievements and providing a safe and smooth banking experience to various customer segments through wise policies and procedures in risk management, business continuity and cybersecurity, in a way that enhances stability and readiness.
The CEO Advisory Council meeting praised the strong performance and qualitative achievements of the banking sector over the past year in light of the active cooperation existing between the Union of Banks and the Central Bank of the United Arab Emirates, which in turn leads all efforts aimed at supporting the growth of the national economy by establishing the necessary frameworks to protect financial stability, strengthen legislation and policies, and advance the financial, banking and insurance sectors.
The Council discussed the plans of the UAE Banks Federation to develop the sector and maintain its leadership position, stressing the importance of continuing these efforts and initiatives to support Emiratisation, sustainability, governance and financial inclusion, and to support small and medium-sized companies.
The meeting also reviewed the Central Bank’s efforts to launch the “Takamul” company working in the field of artificial intelligence and big data analytics, stressing that it constitutes a qualitative shift in shaping the future of financial services by employing the capabilities of artificial intelligence in order to enhance flexibility in all aspects of the national financial system, as part of the initiatives of the financial infrastructure transformation program.
For their part, the participants in the meeting stressed the importance of this project in providing and building platforms and services supported by artificial intelligence and its role in developing, maintaining and supporting multiple infrastructures for the central bank’s digital currency “Digital Dirham”, the instant payment platform “Annie”, the local payment card system “Gion”, the national operator of payment cards, in addition to the instant gross settlement system, and open financing “Nebras”.
Participants in the meeting discussed the latest developments and initiatives to keep pace with the rapid developments in the global economy, digital transformation, plans to develop digital infrastructure, enhance cyber protection methods, awareness of financial crimes, advanced fraud methods, and ways to combat them, stressing the importance of redoubling efforts to ensure compliance with all laws, regulations, and supervisory and regulatory guidelines, and to follow the highest standards of governance, transparency, and risk management.
For his part, Jamal Saleh, Director General of the UAE Banks Federation, said that our banking and financial sector continues the process of development and growth to consolidate its leadership position, which confirms the effectiveness of the Central Bank’s strategies and policies to support the growth of the banking and financial sector and enhance the UAE’s position as a global financial and banking center.
He stressed the Union’s commitment to continuous development and enhancing the flexibility, strength and ability of the banking sector to keep pace with global economic changes and achieve the strategic goals of the UAE.
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