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‘UAE’s banking sector remains solid’

November 2015

November 23, 2015 | 13:40 | Dubai

The banking sector in UAE proved to be as one of the strongest in the region and remains solid as revealed in the comfortable liquidity and strong capitalisation, H.E AbdulAziz Al Ghurair, Chairman of UAE Banks Federation has said.

“The federation has assured for another consecutive year its ability to deliver achievements and milestones, supported by the collaborative work banks are doing to maintain and strengthen the sector despite the challenging business environment; we are looking forward to another year of fruitful cooperation with the Central Bank of UAE,” he said in the meeting of the Board of Directors of the UAE Banks Federation, a professional body representing 49 member banks operating in the UAE. The federation held its third meeting of the year to review progress on top priorities for the Federation in the coming year and to approve the Federation’s budget for 2016.

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