Listen to this articleADCB aims to support events and activities exploiting further opportunities to boost banking industry in Egypt and the Arab region
Cairo- 8 Nov. 2020
Abu Dhabi Commercial Bank – Egypt (ADCB), one of the prominent banks operating in the Egyptian market, sponsors the Banking Industry and Future of Financial Services Forum. Held under the patronage of Mr. Tarek Amer, Governor of the Central Bank of Egypt (CBE), the event is organized by the Union of Arab Banks (UAB). The forum will convene on November 13-15 in Sharm El Sheikh.
Being the forum’s diamond sponsor, a senior-level delegate- headed by ADCB CEO and Managing Director, Ihab El Sewerky- will participate at the event.
This step consolidates with ADCB’s strategy that shows support for all events and activities exploiting further opportunities to boost the banking industry in Egypt and the Arab countries. This is to be achieved through exchanging experiences, as well as being kept updated about the recent innovations in the banking industry; this is in addition to hedging against all potential risks that could face the banks while applying the rapidly evolving technologies for upgrading customer service.
The bank grasped the forum sponsorship opportunity amid a crucial timing, as the banking sectors are facing various challenges, on top of which are repercussions of the Covid-19 outbreak, the rise of the digital era, and the digital transformation in the banks’ customer services.
The forum’s agenda tackles a number of main topics related to the banking industry, namely: the impact of digital banks and digital Innovations on the future of banking services, the central banks’ regulatory role in line with the global evolution, and the Banking System Law 2020. The forum will also address the impact of the COVID-19 pandemic on digital payment and financial inclusion, as well as the potential challenges related to money laundering and terrorism financing.
The forum will also illustrate fintech platform models for digital financing and the future of the banking credit sector. The forum will also address the major potentials and challenges in banking industry and financial services.
The forum will also shed light on the global evolution in banking industry, as well as the banking sector’s opportunities and challenges in light of the novel COVID-19 pandemic. Besides, it will also discuss the mandatory safety procedures related to achieving financial inclusion.
The forum will also focus on the regulatory role of the central banks amid the globally evolving digital era, as well as their role in handling the risks of money laundering and terrorism financing and will address the banking strategies for establishing digital banks, the future of financial services, along with the role of banks’ risk management departments on the rise of the digital era.
)About Abu Dhabi Commercial Bank – Egypt (ADCB)
ADCB is a remarkably prominent banking institution, ADCB is listed as the third biggest bank in UAE and the fifth biggest entity in the Gulf Cooperation Council countries.
ADCB offers a variety of fully fledged modern banking services and activities, which are customized to fulfill all of its customers’ demands, including personal, corporate banking, and commercial business banking services. This is in addition to investment and mortgage services.
ADCB credit ratings are of A and A+ by Standard & Poor’s and Fitch respectively, with stable outlooks. In 2019, ADCB was named the Middle East’s best bank for SMEs by Euromoney. It also received the Best Trade Finance Services Award by Global Finance’s World’s Best Digital Bank Award.
