Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE Banks Federation okays annual report  Join our daily free Newsletter

MENAFN - Khaleej Times - 31/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Khaleej Times) the board also approved the financial statements and auditors? report for 2013 as well as the estimated budget and auditors? nomination for2014

The board of directors of the uae banks federation a professional representative body representing 49 member banks operating in the uae met in dubai to approve its annual report for 2013 and to review progress on the organisation’s plan for 2014.


The board also approved the financial statements and auditors’ report for 2013 as well as the estimated budget and auditors’ nomination for2014.


During the meeting the board reviewed the major achievements of the past year which include initiating and launching the code of conduct organising the federation’s first annual event the middle east banking forum. the significant role the federation played on subjects such as the mortgage loans cap liquidity regulation of banks monitoring of large exposure limits the establishment of al etihad credit bureau instituting the regulations for appointing banking experts.


The federation’s annual report highlights key economic and banking developments for the year which reflect a strong performance and growth across almost all indicators resulting in comfortable liquidity strong capital base and high capital adequacy ratio in the industry as a whole.uae banks achieved growth in total assets of 13.1 per cent to 
dh2025 billion in 2013 compared to dh1791.6 billion in 2012 enabling the banking sector to remain the largest in the arab world in terms of assets while deposits increased from dh1167.8 billion in 2012 to dh1278.9 billion in 2013.


The board reviewed the federation’s plan for 2014 which aims to boost cooperation coordination and consultation with the central bank and all bank members ministries and other government entities on all issues related to the banking sector as well to promote emiratisation in the banking sector and develop cooperation and harmony among the member banks to perform their role in economic development social responsibility and customers protection.


The meeting was concluded with an agreement to convene the federation annual general assembly meeting in april 2014.


— business?khaleejtimes.com

 






  MENA News Headlines
 Jul 25 2014 - Indian Tech Mahindra, Saudi Midad Holding sign dealMENAFN
(MENAFN) Indian IT giant Tech Mahindra Ltd has signed a joint venture with Midad Holding to expand its existence in Saudi Arabia, according to Arabian Business.The JV will be called Tech Mahindra ...

 Jul 25 2014 - Kuwait's Jazeera profit falls in H1MENAFN
(MENAFN) Rising fuels costs and forced rerouting of flights due to unrest in the Middle East affected the net profits of Kuwait's Jazeera Airways Group in the first half of 2014, according to Arabian ...

 Jul 25 2014 - Dubai's R&B launches two stores in SaudiMENAFN
(MENAFN) The Dubai-based giant Apparel Group's fashion arm R&B, most recognized for its exciting portfolio of international fashion and accessories brands, plans to open two stores in Dhahran and ...

 Jul 25 2014 - UAE's du, Etisalat sign agreementMENAFN
(MENAFN) Du, the UAE's second biggest telecoms operator, has signed a network sharing deal with Etisalat to offer Internet-based phone calls and broadband services across the country before the ...

 Jul 24 2014 - A forgotten tragedyUN experts call for a stronger response to internal displacement in NigeriaMENAFN Press
(MENAFN Press) GENEVA Switzerland July 23 2014/African Press Organization (APO)/ -- Two United Nations human rights experts today called on the Government of Nigeria and the international community ...

 Jul 24 2014 - Address by Cathy McLeod Parliamentary Secretary to the Minister of LabourMENAFN Press
(MENAFN Press) OTTAWA Canada July 24 2014/African Press Organization (APO)/ -- Check Against Delivery Good morning/afternoon. Thank you for joining us. We are here today to discuss a global ...

 Jul 24 2014 - Flydubai to start Mumbai flights in OctoberspanKhaleej Times
(MENAFN - Khaleej Times) Bai-based flydubai on Wednesday announced the launch of flights to Mumbai bringing the total number of destinations served by the carrier in India to seven with 25 flights a ...

 Jul 24 2014 - Dubai: A vision not an illusionspanKhaleej Times
(MENAFN - Khaleej Times) W laws will reinforce Dubais position as a sought-after global investment and business destination Hisham Abdulla Al Shirawi tells Khaleej Times “Dubai and the UAE as a ...

 Jul 24 2014 - Real estate deals in Dubai hit Dh113 billionspanKhaleej Times
(MENAFN - Khaleej Times) Ga projects and investor confidence behind strong transaction volumes The launch of mega projects and renewed investor confidence have boosted real estate transactions in ...

 Jul 24 2014 - Mashreq bank profit surges 40spanKhaleej Times
(MENAFN - Khaleej Times) Shreq bank announced on Wednesday a 40 per cent increase to Dh1.The bank said it net profit in the second quarter reached Dh585 million an increase of 45 per cent from last ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help