Strategies for UAE banks to build a future-proof business highlighted – Gulf Today

Strategies for UAE banks to build a future-proof business highlighted – Gulf Today

The report explores options for banks to strengthen and grow their corporate and investment banking business.

Arthur D. Little (ADL) has published a new Viewpoint, “Pursuing Excellence in Corporate Banking” exploring challenges and opportunities that illustrate the lasting and even increasing importance of the corporate segment for banks in the United Arab Emirates (UAE). The Viewpoint reviews the impacts of recent disruptions and expected, and explores options for banks to strengthen and grow their corporate and investment banking (CIB) business.

CIB in the UAE represents close to $635 billion assets and $15 billion revenue. CIB assets are around 5 times the ones of retail banking. According to the report, regional banks however focus their external communication primarily on the consumer segment, whether it is fintech, strategy, digital transformation, products, or applications. Further, corporate banking is often perceived as a specialist area and, as a result, innovation is