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| Senior Partner, KPMG Nigeria and Chairman, KPMG Africa, Mr Kunle Elebute |
Elebute laid out the roadmap while delivering an address as
the Guest speaker at the 2020 Fellowship Investiture of The Chartered Institute
of Bankers of Nigeria (CIBN) held in Lagos last weekend.
The KPMG Chief believed that for the Financial Services
Industry to avoid long term stress on balance sheet it must ensure balance
sheet optimization, evolve de-risking strategy and strengthen asset quality
management.
Mr. Elebute who stated the impact of the pandemic has thrown
the Financial Services Industry into a state of flux, creating a trilemma
stressed that the banking landscape especially has been redefined.
He highlighted the key imperatives for the Financial
Services Industry in the new reality to include harnessing the shift to a
digital economy, rewriting the risk management playbook and accelerating play
in underserved segment of market and driving product penetration and adapting
to new ways of working.
Elebute therefore implored the Financial Services Industry
to enhance their digital delivery as they continue to deliver value to their
various customers and stakeholders.
In his intervention, former Deputy Governor, Central Bank of
Nigeria, Mr Ernest Ebi,FCIB who was the Chairman of the occasion charged the
Financial Services Industry to refocus on the understanding of the new normal
needs of their customers, admonishing them to adopt new operating models that
would significantly reshape the industry and support a rapid and stronger
recovery.
According to Mr. Ebi who is also a former Chairman, Fidelity
Bank Plc, this is particularly necessary as there are concerns around increased
non-performing loans in the Industry.
The Governor of the State of Osun, Mr Gboyega Oyetola who
was the Special Guest of Honour called for more investments in technology to
further liberalise the Industry and enable it reach more customers.
Those who were conferred with the Honorary Fellowship at the
Ceremony include the President, Africa Development Bank (AfDB), Mr. Akinwunmi
Adesina, the Governor, Bank of Sierra Leone, Professor Kelfala M. Kallon; the President, West African Bankers
Association and President Liberia Bankers Association, Mr. John Davies III; the
GMD/CEO, Stanbic IBTC Holdings Dr. Demola Sogunle, HCIB; the MD/CEO, Zenith
Bank Plc, Mr. Ebenezer Onyeagwu, HCIB, the MD/CEO, Standard Chartered Bank
Limited; Mr. Lamin Manjang, HCIB.
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