Michael Tomalin, Group Chief Executive, National Bank of Abu Dhabi (NBAD), has always been a no-nonsense banker with clear ideas. While he explained the bank's plans to expand outside the UAE, he also made it a point to discuss with Emirates Business what he thought would make the UAE's banking scenario better. He said it would always be advisable for the UAE to have a more transparent auction system that will help disclose the rates on certificates of deposit (CD). Tomalin also highlighted the role banks should play to establish transparency in the industry, something that has become more important than ever. Excerpts from the interview:
The current financial crisis has prompted financial institutions across the world to go back to basics. What about NBAD?
I believe we have never gone away from basics. We have always been close to basics and this has proved to be right for us time and again.
No comments:
Post a Comment