UAE Banks Federation (UBF), the unified representative and voice of UAE banks, has reaffirmed its commitment to support the banking sector advancement and promote the sustainable, socio-economic growth of the UAE.
The top ten UAE banks’ profitability in the third quarter 2022 jumped on the back of higher core interest income despite a slowdown in loans and advances g..
Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation (UBF), the unified representative and voice of UAE banks, said that the banking sector in the UAE has a solid foundation
RIYADH: Banks in the UAE are set to witness 52 percent growth in their revenue to about $25 billion by 2030 as the financial sector undertakes widespread digital transformation practices to improve customer experience, said a senior official of the UAE Banks Federation. Speaking at the Abu Dhabi Finance Week earlier this week, Abdulaziz Al-Ghurair, chairman of the UAE Banks
UAE’s banking sector assets have grown 12- fold from $75 billion in 2000 to over $900 billion in 2022, a jump from 70% of the nominal GDP in 2000 to over 250% in 2022, said Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation (UBF).