About CRS 2019
In the wake of reduced government spending following the oil price slump in 2014, numerous sectors – predominantly oil & gas, real estate and construction experienced a challenging period met with liquidity shortage, leaving corporates heavily invested in these sectors and reliant on government spending with diminishing profits. The crunch resulted in numerous large corporates and family offices’
inability to service their existing project finances and debt exposures, driving up the NPL
portfolios up the NPL portfolios across MENA’s banking sector.
NPLs adversely impact banks’ asset quality and profitability by reduction in interest income, increase in impairment costs, unrecoverable principal, lower credit ratings and increase in cost of funding.
If the challenge of rising non-performing assets are not adequately addressed, it can cripple banks’ cash flows and lending abilities, with serious negative consequences reflected throughout the economy. As usually is the case, SMEs and start-ups are among the first to feel the impact of a market downturn, and among those most bruised when banks cut down on lending to manage rising NPL numbers.The tightening credit situation in the past few years’ have pushed regulators and monetary authorities along with banks to drive new regulatory, capital adequacy and reporting standards (IFRS 9, IFRS 13 and Basel III) while enabling the implementation frameworks for
these standards. The recently issued bankruptcy laws in Saudi Arabia and the UAE are proactive measures adopted by the countries’ regulators to encourage alternative restructuring solutions.
The presence of well-developed and structured legal frameworks promotes ease of doing business, and will further boost creditors’ and investors’ confidence in the region’s financial markets.As banks continue to look for ways to clean their balance sheet and dispose non-core assets, they drive opportunities for mergers & acquisitions and also drive distressed loan sale market for potential sellers and buyers. Often the mergers are purposed towards reducing operational and funding costs, improve profitability, reinforce asset bases and optimize risk management capacity, while M&As also offer lenders with the opportunity to stay competitive and larger players, to expand market share.
Promote ease of doing business in the emerging economies of MENA through adequate financial restructuring laws and solutions
Manage business resilience, continuity & contingency through strategic corporate restructuring
Facilitate dialogue between banks, multi-national corporations facing insolvency and other parties involved in syndicated loans’ workout to enable financial restructuring
Facilitate establishment of successful loan sales’ market & NPL servicing platform in the MENA
Minimize risk exposure and drive profitability in tightening market conditions by analyzing M&A opportunities in the financial sector
Top 6 Reasons to Attend CRS 2019
Stay abreast of the consolidation trends in the MENA aimed at driving profitability and managing risks
Explore investment opportunities in MENA’s NPL market
Hear from Regulators on policies aimed at driving down the region’s NPL ratio while Policymakers and Monetary Authorities discuss impact of bad debt on the macro and micro-economy and remedial measures
Listen to multi-billion dollar debt restructuring success stories and best practices from MNCs and family offices
Find out strategies adopted by MENA’s top foreign and national banks (by asset value) in driving down NPL portfolios and optimizing asset quality
Offer strategic solutions to heads of MENA’s largest banks and corporations on debt management in one-on-one meetings
Key Features at CRS 2019
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For more information about CRS 2019, get in touch with us:
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Middle East Global Advisors (MEGA) is the gateway connectivity and intelligence platform to opportunities in the MENASA region for over 26 years.
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