The Corporate Restructuring Summit 2018
Senior Managing Director Omer Erginsoy will be speaking at The Corporate Restructuring Summit hosted by Middle East Global Advisors (MEGA). Omer will join a panel on, ‘Effectively Managing Non-Performing Loans and Keeping Ratios in Check’.
Schedule: Sept 5, 08:00 a.m. – Sept 6, 03:30 p.m. (GST)
The volatile market conditions experienced by the construction, energy, insurance and other key sectors in the growing economies of the region have increased the risk of loan delinquency among large corporates and SMEs.
With the introduction of the bankruptcy law in countries like UAE, loan delinquent corporates and SMEs can now access court-mediated financial restructuring to stay solvent and avoid leaving the country from non-payment of debts. Most organizations, however opt for out-of court workouts with creditors for ease of settlement, nevertheless the process more often than not is cumbersome and takes years before an agreement can be reached between all parties.
On the other side, banks in the region face the ramifications of high NPL ratio with the region’s average exceeding 6%. IFRS-9 launched worldwide from 1st January 2018 further marks a challenging period for banks as they work towards setting aside provisions for expected loan loss and operate with lesser capital. Much needs to be assessed for the successful implementation of the regulation, and inturn effectively manage the NPL ratio.
The Corporate Restructuring Summit provides delegates with the opportunity to network and engage in discussions with over 200 leading industry veterans, part of an invite-only list, comprising CEOs, Chief Revenue Officers, Chief Credit Risk Officers, Heads of Restructuring and Special Assets, amongst others.
