UAE Banks Federation elects new Board of Directors for next 3 years

The UAE Banks Federation (UBF), which is the professional representative body of 49 members banks operating in the country, has at the Ordinary Annual General Assembly Meeting held on April 9, elected its new Board of Directors for the next three years.

The meeting was held at Commercial Bank of Dubai’s head office. It also ratified UBF’s business plan for the current year. It aims to strengthen coordination and consultation with the Central Bank and other stakeholders on matters related to the banking sector.

As in the past, the new Board of the UBF comprises nine members who are responsible for policy-making, planning as well as supervision of all its activities.