CBUAE Celebrates Winning Mohammed Bin Rashid Government Excellence Award As Key Success Milestone

The Central Bank of the UAE (CBUAE) has achieved a significant milestone by winning the Mohammed bin Rashid Government Excellence Award. Khaled Mohamed Balama, the Governor of CBUAE, expressed that this recognition is a major step in their journey towards success. He emphasised that this award serves as a strong motivation for continued dedication to becoming one of the leading central banks globally.

Balama credited this achievement to the unwavering support from the nation's leadership and guidance from His Highness Sheikh Mansour Bin Zayed Al Nahyan. As Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of CBUAE, Sheikh Mansour's leadership has been pivotal in advancing the financial sector. This includes strengthening monetary stability and enhancing global competitiveness.

The CBUAE has embedded excellence into its operations by implementing integrated strategies aligned with international best practices. This approach aims to realise its vision of ranking among the top central banks worldwide. The bank's commitment to sustainable and innovative policies has significantly contributed to developing a robust financial infrastructure in the UAE.

Key initiatives have further supported digital transformation within the financial ecosystem. These efforts are crucial in fostering an innovative environment that supports growth and development in the financial sector. The bank's focus on innovation ensures it remains at the forefront of global banking standards.

The Mohammed bin Rashid Government Excellence Award is considered the highest accolade for institutional achievement in the UAE. It recognises federal entities that exhibit outstanding performance across all criteria within the government excellence framework. The award aims to enhance government institutions' roles in serving society and promoting excellence principles.

This prestigious award also seeks to raise awareness about excellence's importance while developing capabilities necessary for driving excellence across federal government institutions. By recognising exceptional performance, it encourages continuous improvement and innovation within government entities.

The CBUAE's recent accolade underscores its commitment to excellence and innovation in banking practices. With ongoing support from national leadership, it continues to strengthen its position as a leading central bank globally, contributing significantly to the UAE's financial sector advancement.

With inputs from WAM