Emirates Institute for Banking and Financial Studies Webinar Spotlights Current State of Corporate Banking Sector
- Webinar convenes over 100 banking, finance professionals
- Attendees participate in dynamic discussion around long-, short-term lending practices, corporate borrowing, risk appetite
Dubai-UAE: 25 February 2021 – 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.”
The Emirates Institute for Banking and Financial Studies (EIBFS) was founded in 1983. As a leading independent training center, it offers world-class education, training and allied services in the critical areas of banking and finance. Based in the UAE, EIBFS currently has three campuses for education and training services located in Sharjah, Abu Dhabi and Dubai. The Institute has made substantial contributions to the careers of thousands of students and working professionals in the financial services sector. EIBFS is also a strong supporter of Emiratization and has launched various initiatives that have greatly helped to promote the careers of Emiratis. All academic programs offered by EIBFS are accredited by the Commission for Academic Accreditation (CAA), Ministry of Higher Education and Scientific Research. Students who have successfully completed these programs have found productive employment at various levels in banks and financial institutions in the UAE and around the world.