Cairo, November 14, 2020
The Union of Arab Banks (UAB) honored Abu Dhabi Commercial Bank (ADCB) – Egypt, one of the most prominent banks operating in the Egyptian market, during the “Banking Industry and Future of Financial Services” forum. The forum is organized by the UAB, and was held from 13 to 15 November, under the auspices of Mr. Tarek Amer, Governor of the Central Bank of Egypt (CBE), and the Federation of Egyptian Banks (FEB).
The CEO and Managing Director of ADCB- Egypt, Ihab El Sewerky, received the award during the forum on Saturday.
Being the forum’s diamond sponsor, the bank’s senior-level delegate, headed by ADCB’s CEO and Managing Director- Ihab El Sewerky, attended the event.
The 3-day event took place in Sharm El Sheikh, hosting more than 250 senior-level executives in banking and financial sectors from Egypt, the Arab region, and other countries worldwide.
The forum addressed a number of recent topics of major importance in the banking sector, on top of which are the impacts of digital banks and digital innovations on the future of banking services, the central banks’ regulatory role in line with the global evolution. The forum also presented fintech platform models for digital financing and the future of the banking credit sector. The forum will also the major potentials and challenges in the banking industry and financial services.
The forum was held during a critical timing, as the banking sector is dealing with the ripple challenges mainly resulted from the repercussions of the COVID-19 pandemic, along with the rise of the digital era. The evolving digital transformation opened a gateway for banks to reach full potential in order to swiftly cope with the current evolution and its requirements.
It is worth noting that ADCB is always keen on supporting all events and activities, which strengthen the banking sector development in Egypt and all the Arab countries. This is to be achieved through exchanging experiences, as well as keeping abreast of the latest progress achieved by other banking sectors 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.
About Abu Dhabi Commercial Bank – Egypt (ADCB)
ADCB is a remarkably prominent banking institution. ADCB is listed as the third biggest bank in the 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.
ABDCB’s 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 the Euromoney magazine. It also received the Best Trade Finance Services Award by Global Finance’s World’s Best Digital Bank Award.
