UBF CEOs Consultative Council Affirms Banking Sector’s Ability to Sustain Growth and Prosperity

Abu Dhabi, United Arab Emirates-April 14, 2026: The CEOs Consultative Council of UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, held its first regular meeting for 2026 under the chairmanship of H.E. Mohammed Omran   Al Shamsi, Vice Chairman of UBF and Chairman of the Board of Directors of RAKBANK, to review global and regional developments and challenges, and explore ways to address them in order to achieve UBF’s strategic plans and enhance the role of the banking and financial sector in advancing the UAE’s strategic objectives.

The Council commended the strong performance of the banking sector during the past year (2025), and reaffirmed the UAE banking and financial sector’s ability to continue growing and prospering under the direct supervision of the Central Bank of the UAE (CBUAE), which is leading efforts to develop the sector by establishing the necessary frameworks to safeguard financial stability, strengthen monetary and regulatory legislation, and advance the banking, financial, and insurance sectors.