Multibank Relationship Management in Middle East and Africa

4 Multibank Relationship Management in Middle East and Africa Introduction Average number of banks used by MNCs across individual MEA markets 6 0 0 200 400 600 800 1000 1200 1 2 3 Avg no. of bank relationships Size of the bubble reflects country population size. Colour by region. GDP ($M) 4 5 In today’s complex and dynamic financial landscape, corporations are increasingly focused on their banking strategy to optimise their financial operations, mitigate risk andmaximise opportunities. This approach requires careful management of multiple banking relationships, leveraging the strengths of each bank seeking to achieve specific business objectives, including compliance with corporate treasury policy. The significance of the relationship between treasury professionals and banks cannot be emphasised Source: Citi enough, as a collaborative banking relationship creates a systemof financial stability and resiliency for the organisation. This paper explores the benefits, challenges and best practices of managing banking relationships for MNCs withinMEA, examining the strategic implications of this approach and its potential to drive business growth, improve financial resilience and seeks to enhance competitiveness. The paper will also highlight the differences across individual MEAmarkets. IL KAZ LB PK SAU TK UAE NG SE ZA TZ ZM UG GA DRC DZ EG MAR TN KE CDI