The UAE Banks Federation (UBF), a not for profit organization representing 52-member banks operating in the country, is the leading industry association for the UAE banking sector. Being the official representative body of the rapidly burgeoning banking industry in the UAE, UBF considers the provision of exceptional professional representation and a distinctive collective voice of banks of the UAE to be its foremost mandate.
Since inception in 1982, UBF continue to advocates the interests of its member banks; providing a platform that facilitates the exchange of knowledge and experience. It also facilitates enhanced cooperation, communication and interaction with stakeholders in order to upgrade and develop the UAE banking industry. UBF addresses prevailing market challenges faced by member banks by innovating solutions that enhance governance standards and legal frameworks, and encouraging the adoption of banking best practices. It also plays a fundamental role in raising public awareness about the distinctive financial, economic and social contributions of banks.
All 52 members lend their experience and expertise within the organization regarding pressing issues relevant to policy, management, financing and the economy. Members are 22 national (commercial and Islamic), 28 foreign, and 2 special status, regulated by the Central Bank of UAE. They are all expected to comply with the standards of ethics and conduct set forth by UBF. The federation enables its members to build competitive and sustainable businesses that support the economy, its customers and society.
With a mission to advance the UAE banking sector, UBF and its committees are focused on collaborative efforts between member banks, consumers and financial stakeholders. UBF has 20 diversified technical committees comprising thought leaders and market experts who together, offer extensive expertise on different banking subsectors. The technical committees contribute significantly to facilitating the exchange of banking expertise and knowledge enabling members to collaborate while developing new banking policies and initiatives.