UAE Banks Federation affirms banking sector resilience

The CEOs Consultative Council of the UAE Banks Federation (UBF) held its second regular meeting of 2026 in Abu Dhabi. Chaired by H. E. Mohammed Omran Al Shamsi, Vice Chairman of UBF and Chairman of RAKBANK, the council reviewed achievements from the first nine months of the year and discussed upcoming projects to address sector developments.

The council affirmed the resilience of the UAE’s banking and financial industry, attributing its strength to the proactive policies and vision of the Central Bank of the UAE (CBUAE). The meeting emphasized the sector's ability to maintain performance despite global economic challenges.

Key priorities for the industry moving forward include digital transformation, sustainability, financial inclusion, and Emiratisation, specifically focusing on the development of Emirati human capital to support the nation's strategic objectives.