Friday 17 October 2014

BANKERS BRIGHT SIDE

Under this post, lets look at some of the positive contribution of financial institutions - very briefly:

  • Bankers facilitate the inflow and outflow of investments - thus making financial institutions an integral part of the economy and GDP
  • Financial Institutions organize, structure, and fundraise lending mandates to finance infrastructure projects. 
  • Without an intermediary like a bank, consumers will not be able to conclude transactions and might need to keep their money under the below or hidden somewhere underground. 
  • According to the UAE Banking Federation, the UAE's banking sector directly employed 34,413 professional staff excluding aucilliary personnel as of mid-2013
Above are some of the main points I would like to raise to point out that the role of Financial Institutions is very important, and we as consumers and country cannot function with out them. 

For more information about the role of banks in the use, visit the following http://www.uaebf.ae/Customers/Role-of-Banks-in-the-UAE--50-Details.html

Now lets take a deep dive into some factors that lead into bad banking practices that contributed to the current negative perceptions about banking and bankers. 

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