(MENAFN - Khaleej Times) Commercial Bank International (CBI) hosted its Annual Treasury Seminar inviting elite corporate and treasury clients from across the UAE to learn about the bank's innovative approach to hedging and risk management in the currency markets, including their movement into facilitating foreign exchange in the Chinese market.
The seminar also provided a platform for CBI to update clients on its growth and continued success. "We are building on our results quarter on quarter.
Earnings per share have increased by 60 per cent since Q2 and share value has quadrupled to Dh0.16 from the share value recorded during the same period last year," commented chief executive officer, Kris Babicci. "We are pleased to present a first class Treasury Seminar to our corporate and Treasury clients," he added.
A combination of chief executive officers, chief operating officers, general managers and chief financial officers from across the UAE gathered at the seminar, held at the Ritz Carlton, DIFC, to learn from CBI's Treasury professionals about CBI's strategy of tackling the key issues facing corporate treasurers, risk managers and corporate finance professionals operating in the GCC region.
Conducted by CBI's experienced Treasury team, and reinforced by CBI's Corporate Banking Group, finance professionals were presented with market updates and subsequent innovative risk management ideas offered by CBI to accommodate market demands.
"In the coming year, CBI Treasury will work closely with clients to identify their market risks, and provide tailor-made risk management solutions.
Our objective will be to enable clients to conduct their regular day-to-day business unconcerned by market volatility," commented Wayne Andrews, head of Treasury and Investments at CBI.