By establishing the New Development Bank, the BRICS economies of Brazil, Russia, China, India and South Africa have made their biggest push yet towards redressing the economic world order.
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Awash with liquidity and riding on the back of the country's impressive economic growth, the picture looks healthy for Trinidad and Tobago's banks, with opportunities in SME financing and online banking set to maintain this momentum.
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With the UK, Luxembourg, Hong Kong and South Africa all preparing to issue, the popularity of sukuk is going global. And though each is likely to be limited in size, they will bring with them greater international awareness of sharia-compliant financing options.
After decades of underperformance while under military rule, Myanmar is heading for a period of rapid growth, but much work still needs to be done to address the country’s infrastructure deficits, poverty and its underdeveloped banking sector.
Morocco is on the cusp of a legislative breakthrough that will pave the way for a fully fledged Islamic finance system in the country. But with a history of failed Islamic banking experiments, on top of the usual problems associated with establishing a new market in a country, Morocco's Islamic banking sector is unlikely to take an instant hold.
Two new players have been admitted into the Indian banking sector in 2014, but declining profitability among the country's existing lenders in the past 12 months does not appear to be inspiring much confidence in the industry. The Banker talks to chief executives at both established and new institutions, and discusses past performance and future plans.
Critics have long argued that the obstacles preventing further growth in the Indian banking sector – particularly among its state-owned institutions – can be eliminated by a couple of deft policy changes. The question is, will the country's new government bring about the financial sector reforms that are so badly needed?
Since taking office as governor of the National Bank of Moldova in 2009, Dorin Drăguţanu has implemented the country’s first inflation-targeting policy, has seen interest rates on loans and deposits decline and has welcomed amendments to the law on financial institutions. He speaks to The Banker about challenges surrounding transparency in the banking sector and economic implications of the Russia-Ukraine crisis.
The deputy governor of the People’s Bank of China, Yi Gang, sees positives in the slowing of China’s economy, and is looking to a healthier, more sustainable future for the country’s financial sector.
Many analysts in the West are predicting the worst for China’s economy, pointing to a slowdown in growth and claiming a meltdown is on its way. However, as Stephen Timewell discovers, the mood within the country is more prosaic, with the feeling being that the economy is simply maturing to a level that will make its growth more sustainable.
International sanctions against Russia and uncertainty over commodity prices have had an impact on Kazakhstan and its banking sector. However, the country's central bank governor tells Nick Kochan of his plans to smarten up the country's financial landscape, starting with targeting unacceptably high NPL levels.
Zimbabwe’s economy is on the verge of recession, with low consumer demand and a liquidity crunch putting its businesses under plenty of strain. Against this backdrop, finance minister Patrick Chinamasa tells Paul Wallace how he has started to rebuild its ties with multilateral lenders in a bid to access new credit.
Over the past seven years, the Postal Savings Bank of China has emerged out of nowhere to establish the largest banking network in the world. Stephen Timewell assesses its meteoric rise.
Top 1000 World Banks - Europe
Stefanie Linhardt, The Banker's Europe editor, talks to Brian Caplen about the Top 1000 ranking and what it means for western, central and eastern Europe. They discuss the pick up in profitability in western European banks as well as Russian banks' regional dominance in CEE. For full details of the 2014 rankings, visit: Top 1000 World Banks.
Top 1000 World Banks
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Austrian banks are complaining that the eurozone stress test is biased against central and eastern Europe.