Dubai, July 31, 2011: The poll for the annual global banking institution "Barclays Corporate" to the banking sector in the Middle East will become more competitive through the next two years. Poll included the views of 200 senior executives in a number of the world's leading institutions in the field of banking and insurance services who attended a series of "Barclays" the fourth annual World Banking Forum held in Dubai, London and Frankfurt and Singapore.
The survey also revealed that banks and global financial institutions today focus on Asia as the world's first economic zone in terms of the strong growth of the banking sector followed closely by Africa and the Middle East. In the view of financial institutions in return, limited opportunities for growth in the European continent, in occupied North America ranked last among all the world's centers, according to the survey.
In this regard, said Matt Tuck, Head of Financial Institutions "Barclays Corporate": "There is a tremendous effort made by the global banking groups to take advantage of strong economic growth in emerging markets. Also summon the financial services sector strength to penetrate further into Africa as well. "
He added: "Europe is a very important market for the banking sector, but there is a tendency to spread risk through diversification of geographical areas and income banking. Certainly, the banking sector is currently experiencing a phase of growth, but it has become more mobile and the selection of the areas targeted for growth. "
Moreover, he noted 81% of respondents to the participants that their relationships with customers have become more powerful over the past five years. Believe 58% of banking experts in the region that the standards of banking services has evolved over the years.
For his part, said Sunil Rao, regional director for financial institutions in the Middle East and North Africa to the "Barclays Corporate": "plays the strong relationships with customers play a pivotal role in the banking sector;, however, remains the depth and scope of services is a factor distinguished the most prominent in the banking institutional around the world. "
He said Rao, who has taken the United Arab Emirates-based "can be for 'Barclays' promotion of their size and financial solutions thanks to its strong presence in the Middle East and North Africa, giving it the special status that allows it to meet all the needs of its clients from regional financial institutions and take advantage of growth economy in the region.
It is noteworthy that "Barclays" provides corporate clients and financial institutions a full range of services, loans, risk management, cash management, liquidity, trade finance, asset finance and sales.
The survey also revealed that banks and global financial institutions today focus on Asia as the world's first economic zone in terms of the strong growth of the banking sector followed closely by Africa and the Middle East. In the view of financial institutions in return, limited opportunities for growth in the European continent, in occupied North America ranked last among all the world's centers, according to the survey.
In this regard, said Matt Tuck, Head of Financial Institutions "Barclays Corporate": "There is a tremendous effort made by the global banking groups to take advantage of strong economic growth in emerging markets. Also summon the financial services sector strength to penetrate further into Africa as well. "
He added: "Europe is a very important market for the banking sector, but there is a tendency to spread risk through diversification of geographical areas and income banking. Certainly, the banking sector is currently experiencing a phase of growth, but it has become more mobile and the selection of the areas targeted for growth. "
Moreover, he noted 81% of respondents to the participants that their relationships with customers have become more powerful over the past five years. Believe 58% of banking experts in the region that the standards of banking services has evolved over the years.
For his part, said Sunil Rao, regional director for financial institutions in the Middle East and North Africa to the "Barclays Corporate": "plays the strong relationships with customers play a pivotal role in the banking sector;, however, remains the depth and scope of services is a factor distinguished the most prominent in the banking institutional around the world. "
He said Rao, who has taken the United Arab Emirates-based "can be for 'Barclays' promotion of their size and financial solutions thanks to its strong presence in the Middle East and North Africa, giving it the special status that allows it to meet all the needs of its clients from regional financial institutions and take advantage of growth economy in the region.
It is noteworthy that "Barclays" provides corporate clients and financial institutions a full range of services, loans, risk management, cash management, liquidity, trade finance, asset finance and sales.
