Nigeria’s banks have so far been relatively insulated from the credit crisis in the West, but with external sources of capital rapidly drying up, how long can this situation last? Erastus Akinbola is chief executive of one of Nigeria’s leading banks, Intercontinental Bank, and president of the Chartered Institute of Bankers in Nigeria. He spoke to Charlie Corbett about the impact of the credit crisis on Nigeria’s banking industry.
Not every banker is staring into the abyss of 2009 with frozen horror; those involved in transaction services realise their skills are needed more than ever. The heads of transaction banking across some of the industry’s major players offer their predictions for 2009. Writer Charlie Corbett.
As the traditional giants of syndicated loans industry step back to lick their subprime wounds, a new breed of lender is emerging. Banks from across the emerging markets that were historically recipients of syndicated loans are hoping to snap up business that was formerly the domain of the big international players. Writer Charlie Corbett.