CBD launches Treasury and Cash Management Best Practice Handbook
Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, announced the launch of the first edition of its Treasury and Cash Management Best Practices Handbook. The handbook is a collection of case studies of some of CBD’s most sophisticated payments and cash management solution implementations. Industry best practices highlighted include waste elimination, operating costs reduction and value creation.
Commenting on the launch, Dr. Bernd van Linder, chief executive officer of CBD said: “I am delighted to introduce the first edition of the Treasury and Cash Management Best Practice Handbook. Our aim is to help our clients optimize their working capital by providing them with the necessary support and advisory tools to support their business growth. I would like to thank our clients who shared their experience.”
“In today’s competitive economic environment, understanding and managing cash flow is one of the most important factors in the success of businesses. What sets CBD Cash Management Services apart from the rest in the industry is our understanding of our clients’ needs. Using innovative technologies, we provide a comprehensive range of integrated products and services from payments, collections and liquidity solutions.” commented Hassan Al Redha, Head of Institutional & Transaction Banking.
“Publishing the first edition of the Treasury and Cash Management Best Practice Handbook demonstrates our commitment to provide our clients with a platform for exchanging strategic views and sharing expertise and experiences that our clients have adopted.” He added.
Commercial Bank of Dubai is recognized as one of the leading Banks in UAE in cash management solutions and is at the forefront of banking innovation. CBD was recognized in March 2017 as the ‘Best Cash Management’ Bank in UAE for its innovative Cash Management solutions and services by Banker Middle East.