UBF Chairman H.E. Abdulaziz Al-Ghurair:Consumer confidence in UAE banking rises to 90%, reflecting sector’s commitment to further growth

• Accelerating digital transformation improves customer experience and provides customised services.
• Emiratisation, sustainability, governance and supporting SMEs are our top priorities.
• The performance of UAE banks confirms the strength and resilience of the banking sector, which is achieving solid financial metrics.

Dubai, United Arab Emirates – 14 May 2024:

H.E. Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation (UBF), the sole representative and unified voice of the UAE banks, said that the increase in consumer confidence in the UAE banking sector from 84% in 2022 to 90% in 2023 reflects its continuous development, as customer trust is an important pillar in banking and finance. He explained that the UAE ranks above the global average in the Trust Index and ranks higher than prominent international financial centres, which confirms the banking sector’s ability to meet the requirements of diverse customer segments.

UBF, the strategic partner of IDC Conference, says digital shift is consolidating UAE’s Banking industry leadership

Abu Dhabi, United Arab Emirates; 03 July 2023:

UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, has reiterated its commitment to accelerating digital transformation and capitalising on modern technologies to provide easy-to-use banking services in a safe environment. This is in line with the directives of Central Bank of the UAE, which has adopted a comprehensive digital transformation strategy focusing on using the latest and pioneering technologies in data processing and storage and providing a secure and efficient infrastructure.