- Attendees participate in dynamic discussion around long-, short-term lending practices, corporate borrowing, risk appetite
Dubai-UAE: Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, today hosted a webinar that offered crucial insights on the current trends dominating Corporate and Investment Banking practice both in the region and around the world.
Headline speakers at the event included Eslam Nafie, Wholesale Banking - Regional Head, Sharjah & Northern Emirates, United Arab Bank, Bob Keijzer, Head of Institutional Banking Abu Dhabi and Head of Energy, Wholesale Banking Group, Commercial Bank of Dubai, Faisal Hasan, Independent consultant former Head of Proprietary Investments & Treasury, Kamco Investment Company, and Mohammad Mahmood Abdulrazzaq AlBastaki, Senior Vice President - Head of Public Sector (Wholesale Banking), Emirates NBD. Niel Oberholzer, Director of Learning Division at EIBFS moderated the session.
The session drew the presence of more than 100 participants from the banking and finance industry, who assessed the changes in the lending and risk appetites due to the ongoing COVID-19 pandemic. The panel also discussed the current state of the debt markets, and the lessons learned from greater exposure and reliance on cash flow instead of collateral regarding lending to companies. The attendees of the webinar concurred that to expedite and enhance post-pandemic recovery, banks and financial institutions must work to strengthen their operations and management mechanisms.
In addition, they need to start reskilling existing staff on a priority basis to better serve Corporate clients. Significantly, the attendees suggested that bankers in the country must now leverage cross-border collaborations for the greater success of all participating entities.
Speaking on the webinar, Jamal Al Jassmi, General Manager of EIBFS, said: “As we advance into 2021, we can sense a resurgent optimism and anticipation across the board for economic activity to pick up swiftly. Banks are in the process of figuring out the road ahead. In this context, our webinar served as a platform to clarify and better understand the evolving Corporate Banking landscape, identify the trends that are shaping the market, and most importantly, inform bankers about what they must do to avoid potential pitfalls.”
He added: “At EIBFS, we are aware of the changes sweeping the banking sector. To this end, we have developed bespoke programs and courses to empower bankers and financial professionals in the region. Earlier this year, we announced our annual training plan for 2021 and we look forward to enhancing the UAE’s knowledge-based economy.”
© Press Release 2021