Russia’s finance minister Alexei Kudrin (right) welcomed the country’s forthcoming adoption of international accounting standards at The Banker’s Top 50 Russian Banks presentation recently, as Stephen Timewell reports from Moscow.
Latest articles from Stephen Timewell
Competitive disadvantage
January 3, 2005
The low capital base of the Russian banking sector is a serious concern; it could hamper the country’s ability to achieve its ambitious growth targets. But there is growth.Stephen Timewell reports from Moscow.
The Russian economy may be growing strongly, with latest GDP growth estimates put at 5.8% in 2004, but Russian bankers are concerned about the low capability of Russia’s banks and their lack of access to long-term funds.
Hopes pinned on chip-based cards
January 3, 2005Banks in Europe are turning to chip and PIN payment cards not just to combat fraud but also in the hope that greater security will boost usage and strengthen their relationship with their customers. Stephen Timewell reports.
Refreshed by reform
December 1, 2004Iran’s reformers are keen to promote economic growth, which is leading to a resurgence of interest in the country’s private banks. Stephen Timewell reports.
A new economic era for Iran
December 1, 2004Iran is reaping the benefit of economic reforms and its banking privatisation plan is likely to be a springboard to further financial success. Stephen Timewell reports from Tehran.
Regulation shake-up bodes well for Egypt
November 4, 2004Egypt has a new prime minister and a new economic reform programme, but will anything change? How will the new government of Dr Ahmed Nazif provide the economic stimulus the country desperately needs? Stephen Timewell reports.
The Philippines kicks off economic reform
November 4, 2004The Philippine government is taking significant steps to improve the country’s economy. But much still needs to be done. Stephen Timewell reports.
Risk aversion continues to rule in Australia
November 4, 2004Prime Minister John Howard’s re-election is a reflection of the conservatism that pervades the country and its banking sector, says Stephen Timewell in Melbourne.
Key players look east
November 4, 2004A report by Austria’s Raiffeisen International on the banking markets in 20 central and European countries paints a picture of privatisation and enormous potential. Stephen Timewell reports.
Italy’s retail sector gets a much-needed shake-up
November 4, 2004
Massimo Arrighetti, head of retail at Italy’s Banca Intesa, talks to Stephen Timewell about the earthquake in his bank’s retail sector that has led not only to a radical rethink, but also to a step change in processes.
When Banco Ambrosiano Veneto, Cariplo and Banca Commerciale Italiana joined forces in late 2002 to form the largest bank in Italy, Banca Intesa, they also formed a bank with a staggering 1,500 different retail products.