Quotes: 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

 


Khaleej Times




  MENA News Headlines
 Apr 19 2015 - More than 30% of Arab youth jobless: labour officialAFP
(MENAFN - AFP) More than 30 percent of young Arabs are jobless because of unrest in many Arab nations and not enough investment, a top labour official said on Sunday. "The unemployment rate among ...

 Apr 19 2015 - Saudi giant SABIC Q1 net profit down 39 percentAFP
(MENAFN - AFP) Saudi petrochemicals giant SABIC on Sunday posted a 39 percent decline in net profits for the first quarter of 2015 compared with a year ago before global oil prices plunged. Saudi ...

 Apr 19 2015 - UAE has 4% of world's oil, 3.5% of gas reserves: Energy MinisterEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) UAE Energy Minister, Suhail bin Mohammed Faraj Faris Al Mazrouei, said that the UAE has 4 per cent of the world's oil reserves and nearly 3.5 per cent of the ...

 Apr 19 2015 - New Zealand Prime Minister to lead trade mission to the UAEEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) John Key, New Zealand's Prime Minister, is to lead a business delegation to the United Arab Emirates on 26th April."The visit is an opportunity to strengthen and ...

 Apr 19 2015 - Etihad Airways wins Crystal Cabin AwardEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Etihad Airways has scooped the coveted 2015 Crystal Cabin Award in the Premium Class and VIP category, for its innovative Airbus A380 upper deck cabin designs ...

 Apr 19 2015 - UAE- Civil Defence Officers awarded new ranksEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Major General Jassem Al Marzouqui, Commander-in-Chief of the Civil Defence at the Ministry of Interior, has decorated a number of officers at the Abu Dhabi Civil ...

 Apr 19 2015 - Energy Minister receives UAE AmbassadorEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Abdul Hussain bin Ali Mirza, Bahraini Energy Minister, has received Abdulridha Abdullah Mahmoud Khori, UAE Ambassador to the Kingdom of Bahrain.During the ...

 Apr 19 2015 - DFWAC participates in GCF Partner Council meeting in SwedenEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Dubai Foundation for Women and Children, DFWAC, has participated in the Partner Council Advisory Board meeting of the Global Child Forum, GCF, held recently ...

 Apr 19 2015 - UAE- ADNEC to host Cityscape Abu Dhabi 2015Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Abu Dhabi National Exhibition Centre, ADNEC, has set the stage for the ninth edition of Cityscape Abu Dhabi to run from 21st to 23rd April, under the patronage ...

 Apr 19 2015 - UAE- TRA participates in the Global Conference on Cyberspace 2015 in NetherlandsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The General Authority for Regulating the Telecommunications Sector, TRA, participated in the Global Conference on Cyberspace 2015, which was held in The Hague, ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help