India's vast infrastructure needs should make a larger bond market in the country indispensable. However, there are many regulatory obstacles to overcome.
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Political and economic stability set to sustain Peruvian banks' growth
November 1, 2011With its high economic growth rates and a good macroeconomic performance, Peru faces both the challenge of its number one trading partner, the US, bracing itself for another recession, and the fact that poverty now affects 31% of the South American country's population.
Islamic finance roars again
November 1, 2011After recording relatively sluggish growth in last year's survey, this year's ranking shows the Islamic finance industry posting impressive figures, passing the $1000bn mark in assets for the first time.
World
/ Asia-Pacific
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Banks race to compete in renminbi
November 1, 2011The renminbi is on a path to becoming an international currency, and the first step of the journey is for the Chinese currency to be used to settle trade payments. As businesses begin to see the benefits of using renminbi for trade settlement, banks are competing to make their mark on this growing business.
South Korea makes life difficult for foreign investors
November 1, 2011From drawn-out court cases to labour union strikes, the trials and tribulations of the multinational banks that have tried to invest in South Korea have left many observers with the impression that the country is hostile to foreign capital.
Russian joint venture pays off for Sibur and SolVin
November 1, 2011Sibur and SolVin's highly innovative joint venture to build a PVC plant in Russia was unusual in many ways, not least because of its lack of an offtake scheme in such a risk-averse environment. However, the four-year wait for the deal to come to fruition is paying off for the many players involved.
Nigeria’s banks enter new dawn
November 1, 2011Nigeria has revitalised its banks following their crisis two years ago. They are now far healthier and are once again making strong profits. But the shake up of the industry will continue for a while yet, as the affects of recent consolidation – including the creation of two new top tier banks – begin to be felt.
Best prospects for Islamic finance outside core markets
November 1, 2011Several emerging markets with large Muslim populations combine low bank penetration and a high return on assets with a relatively small market share for Islamic banking, and thus provide further opportunities for growth in the Islamic finance sector.
SAMA chief focuses on domestic developments
November 1, 2011Muhammad Al-Jasser, the governor of Saudi Arabian Monetary Agency, says that while the country's role within the wider Middle Eastern and global economies is an important one, in times of such financial anxiety, it is important to focus on domestic matters.
Gabon president looks to a diversified future
November 1, 2011Gabon’s president, Ali Bongo Ondimba, tells The Banker that his reforms will help his country overcome its reliance on oil. But this is no easy task, with the country's growth set to slow this year and its economy hampered by bureaucracy and a lack of good infrastructure. Barbara Njau reports.
