UNB signs Memorandum of Understanding with EIBFS
Union National Bank (UNB) has signed a Memorandum of Understanding (MoU) with the Emirates Institute of Banking and Financial Studies (EIBFS). The signing ceremony took place on Tuesday 20 December 2016, at UNB head office, Abu Dhabi, and was attended by Mohammad Ali, Deputy CEO from UNB, and Jamal Al Jassmi General Manager of EIBFS, along with other Senior Executives from both organizations.
Under the terms of the MoU, EIBFS will be providing academic and training support through the EIBFS Bachelor and Diploma programs to the selected Emirati Employees nominated by UNB.
The MoU serves as a framework to facilitate collaboration and cooperation between UNB and EIBFS with the commitment to provide banking industry specific academic programs duly approved by the Ministry of Higher Education and Scientific Research (MoHESR) to UNB’s UAE National staff leading to a Bachelor Degree or Diploma qualifications in Banking.
Mohammad Ali said, “We are honored to tie up with EIBFS on this initiative through which we will facilitate development of our UAE national staff by supporting the enhancement of their academic qualifications in Banking & Finance areas. This initiative also supports the new Nationalization Strategy formulated by the Central Bank of UAE.”