Exclusive: Smaller UAE lenders should consider M&A as bigger banks transform digitally: Emirates NBD CEO says - The National:
"Smaller lenders should consider merger and acquisition options in the UAE’s over-banked market to gain scale, Shayne Nelson, the group chief executive of Emirates NBD said. This would allow them to compete with larger banks who are investing in digital transformation of services that could stifle business opportunities for smaller institutions. “For the size of the economy and the size of the population, there are too many banks,” said Mr Nelson, who heads the biggest bank in Dubai by assets. “There is a necessity for those banks to merge over time. Frankly, the sooner they do it, to me, they will be in a better position.”"
'via Blog this'
No comments:
Post a Comment