Tag Archives: UAE Banks Federation (UBF)

UAE Banks Federation (UBF) and International Chamber of Commerce (ICC) review a major study on bank guarantee practice in the UAE

UAE Banks Federation (UBF) and International Chamber of Commerce (ICC) review a major study on bank guarantee practice in the UAE

Dubai, 25 November 2021: Representatives of UAE Banks Federation-UBF (the sole unified voice and representative of UAE banks), and International Chamber of Commerce (ICC)’s Banking Commission, recently held a meeting that was facilitated by Dubai Chamber of Commerce, to review a major study completed jointly by banks on guarantee practices within the UAE.  The study involved engagement with more than 95% of the banks which are active in the issuance of bank guarantees in the UAE.

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