Sandeep Chouhan
Bloomberg Businessweek Middle East|December 01, 2018 The Year Ahead 2019

EVP - Group Head of Operations & Technology, Mashreq Bank

Sandeep Chouhan

Sandeep Chouhan tells Bloomberg Businessweek Middle East Editor Roger Field about the latest trends in digital banking, investing in fintechs and the importance of China’s belt and road initiative.

Mashreq Bank is the oldest private bank in the UAE having been established in 1967 as the Bank of Oman. Tell me about where the bank is at now in terms of size and scale.

The bank is in its 51st year of operation and we now operate in 14 countries. The bank was set up by entrepreneurs and retains that spirit of entrepreneurship.

We have close to five and a half thousand employees and close to 70 branches. We do the full range of corporate banking, investment banking, Islamic treasury, capital markets, retail and consumer banking, and now we have a full-fledged digital bank as a second segment.

We have four main lines of business in our corporate banking; we have taken an industry specialization-based approach and focus on six or seven industry segments including real estate, manufacturing, oil and gas and government. We build specialization around that and our corporate banking business is heavily based on face-to-face relationships with senior relationship managers and senior corporate bankers. The retail banking business on the other hand is digitally driven to bring more customers to consume banking services electronically. Today, almost 92 percent of all transactions we perform are digitally originated. That’s very high in comparison to our competition.

It sounds like technology is an important focus for the bank?

هذه القصة مأخوذة من طبعة December 01, 2018 The Year Ahead 2019 من Bloomberg Businessweek Middle East.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 01, 2018 The Year Ahead 2019 من Bloomberg Businessweek Middle East.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BLOOMBERG BUSINESSWEEK MIDDLE EAST مشاهدة الكل
Golfing With The Enemy
Bloomberg Businessweek Middle East

Golfing With The Enemy

Did Donald Trump's executives violate the Cuban embargo?

time-read
10+ mins  |
August 16, 2016
Super-Rich Syrians Wait for War's End
Bloomberg Businessweek Middle East

Super-Rich Syrians Wait for War's End

Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate

time-read
10+ mins  |
July 01, 2016
Pam Codispoti
Bloomberg Businessweek Middle East

Pam Codispoti

The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking

time-read
2 mins  |
January 16, 2018
This Time It's The Economy
Bloomberg Businessweek Middle East

This Time It's The Economy

President Rouhani’s budget sets offprotests from people angry about unemployment and inflation

time-read
5 mins  |
January 16, 2018
Saudi Prince Counts On Support Of Citizens
Bloomberg Businessweek Middle East

Saudi Prince Counts On Support Of Citizens

State-worker salary increases appeal to the people, but policy may throw the budget off track

time-read
3 mins  |
January 16, 2018
Stalin's Legacy Is Choking The Ukrainian Economy
Bloomberg Businessweek Middle East

Stalin's Legacy Is Choking The Ukrainian Economy

The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors

time-read
4 mins  |
January 16, 2018
Catastrophe Bonds Survive A Stormy Year
Bloomberg Businessweek Middle East

Catastrophe Bonds Survive A Stormy Year

The turbulence of 2017 couldn’t destroy a market for betting against disasters

time-read
3 mins  |
January 16, 2018
Riding The West Bank's Credit Boom
Bloomberg Businessweek Middle East

Riding The West Bank's Credit Boom

Increased consumer lending is creating a bubble in the West Bank

time-read
3 mins  |
January 16, 2018
You'd Be Crazy To Buy Pizza With Bitcoin
Bloomberg Businessweek Middle East

You'd Be Crazy To Buy Pizza With Bitcoin

Speculative fervour makes the cryptocurrency clumsy for commerce

time-read
3 mins  |
January 16, 2018
What If The President Loses His Party?
Bloomberg Businessweek Middle East

What If The President Loses His Party?

Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake

time-read
6 mins  |
August 16, 2017