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Richest nations must keep Africa on the agenda

July 4, 2005

The emphasis on aid and debt relief distracts attention from the most important issue for Africa – trade reform.

Flaws in the EU Savings Directive will cost member states dearly

July 4, 2005

The new tax rules could bring in €10bn a year but significant loopholes mean they are unlikely to achieve their aims.

UniCredit’s HVB deal does not signify a trend

July 4, 2005

It will take more than the Italian bank’s takeover of the less than attractive German institution to prompt a torrent of consolidation.

Benign climate will continue to foster growth at world’s top banks

July 4, 2005

Overall profits may remain variable but the biggest players – especially those in the EU25 – look certain to dominate the landscape.

Top 1000 reveals latest episode in banks’ success story

July 4, 2005

Welcome to the largest edition of The Banker ever produced in nearly 80 years of publishing history. At 328 pages, our July issue is a veritable gold mine of articles, interviews, facts and figures. Taking pride of place is, of course, our annual Top 1000 ranking of world banks.

Basel II must result in fair play

June 6, 2005

Regulations such as Basel II improve risk management and transparency but they must be well designed and consistent, says ING vice-chairman and CFO Cees Maas.

Islamic investment bank’s share offering nets £100m

June 6, 2005

The rise of Islamic banking has taken another important step forward with the recent successful £100m share offering by European Islamic Investment Bank (EIIB). Initially aiming to raise £50m the offering was oversubscribed and increased to £100m.

Greek banks turn attention to Turkish market

June 6, 2005

Greek hesitancy to invest in Turkey’s financial sector is set to change, according to senior Greek and Turkish bankers who attended an inaugural joint meeting in Athens in May under the umbrella of the Washington-based Institute of International Finance, the global association of financial institutions.

Stampede for Turkey as EU membership beckons

June 6, 2005

KoÇ Financial Services, a 50-50 joint venture between Koç Holding of Turkey and UniCredito of Italy, has acquired 57.4% of Yapi ve Kredi Bankasi for €1.160bn. The deal, May 9, comes as foreign banks rush headlong to acquire Turkish banking assets ahead of membership talks between Ankara and the EU in October.

£3bn ABSA deal to boost Barclays’ African profile

June 6, 2005

The UK’s Barclays is investing close to £3bn in South Africa to get control of that country’s biggest retail bank, Absa – the biggest foreign purchase ever by the British group. The deal has been approved by regulators and has the support of sufficient shareholders to be successful, after almost a year of behind-the-scenes talks.

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