Qatari banks need to gear up for switches in corporate behaviour and developments in international bank guarantees to succeed in the international market, a senior official of ICC Academy said on Sunday.
Making a presentation at the third banking workshop organised by International Chamber of Commerce Qatar (ICC Qatar) in Doha, ICC Academy Sales Director Sashirekka Routan said,”With increased competition between domestic banks in Qatar, many of the larger players in the sector are looking abroad for new growth prospects.
“As regulatory changes and increasing market competition are changing the rules of the game, Qatari banks need to equip themselves with latest financial technologies emerging in the market,” she said.
“The ICC Academy is dedicated to offering a wide range of specialised, banking industry focused e-learning courses and online certifications for trade professionals worldwide in its efforts to enhance the banking community,” she added.
Organised in collaboration with The London Institute of Banking and Finance, the workshop offered participants with a comprehensive overview on new developments in international bank guarantees with particular emphasis on implementation of ICC rules for demand guarantees.
The workshop also discussed operational issues, practical case studies and examples.
Delivering the opening speech on the occasion, QNB AGM Financial Institutions and Correspondent Banking Ali Abdullah Darwish said,”Operational issues, practical case studies, examples and open discussions on today’s workshop agenda will play a vital role in enabling the participants to know about the latest developments in the global banking sector.”
“QNB has always shown support to the International Chamber of Commerce in their banking commission and consequently chair the banking commission at ICC Qatar,” Darwish said.
Held under the patronage of Qatar Chamber and ICC Qatar Chairman Sheikh Khalifa bin Jassim Al Thani, the workshop was led by Pavel Andrle.
“Digital trade finance benefits can bring about transformational benefits in the areas of improving operating efficiencies, margins and profitability of the companies. From a microeconomic point of view, the digital finance world can streamline government spending on infrastructure development in supporting trade and economic growth,” Andrle said.
The workshop also offered sessions on new developments in trade finance, specifically BPO and Blockchain solutions.
In a statement issued by Qatar Chamber earlier, Sheikh Khalifa said,”We are delighted to be holding this workshop for third year in a row. The earlier workshops were enormously beneficial to the attendees within the banking industry. We shall be hosting this workshop on different topics yearly.”