Media ININ Economy We Trust
Media IN/Abu-dhabi/ 7th May, 2019 (WAM)
Emirates Institute for Banking and Financial Studies (EIBFS) has signed a Memorandum of Understanding with Al Etihad Credit Bureau (AECB)to promote financial literacy in the UAE.
The General Manager of EIBFS together with the Chief Executive Officer of AECB, inked the agreement at the EIBFS Dubai campus.
The MoU mandates the two parties to launch joint financial education initiatives with the aim of fostering responsible money management habits among consumers in the UAE.
EIBFS and AECB are also tasked with co-hosting trainings and thought leadership events to familiarise the finance professionals with the latest developments in the banking industry.
The General Manager of EIBFS said that in a world of growing economic complexities, financial literacy is a core life skill and the key to a well-informed and financially sound society. As such, it is also the subject of an important ongoing conversation in the UAE.
He added that there is need for commitment in helping bridge the knowledge gap for a more secure financial future, and long-term growth and prosperity, recognize the crucial need to expand and enhance personal finance education in our country. As part of this priority there is justification to partner with AECB so as to provide citizens and residents of the UAE with the necessary knowledge to make prudent financial decision
In his concluding remarks, the Chief Executive Officer of AECB said that they are proud to join forces with EIBFS to contribute to improving the financial well-being of the UAE population – a core area of focus for AECB. The collaboration aligns with the wider objectives of promoting financial knowledge and boosting financial inclusion in the country.
