National Bank of Greece’s purchase of Turkey’s Finansbank, and other cross-border deals, counter continent’s protectionism adherents.
World
Latest articles from World
NBR puts reins on lending
May 2, 2006As Romania’s banks cash in on the surge in consumer borrowing, the central bank, concerned about a rising current account deficit, is placing stringent curbs on foreign currency lending. The measures are proving highly controversial.
Romania's main stock exchange has started to make gains
May 2, 2006After a bear market and fund scandals, The Bucharest Stock Exchange’s market capitalisation is in the ascendancy. But more privatisation is necessary if the gains are to be consolidated.
Moment of truth
May 2, 2006Despite significant structural change over the past five years, Romania faces daunting macroeconomic challenges as it gears up for EU membership.
Capital markets must grow
April 3, 2006Nigeria suffers from severely underdeveloped capital markets, which must grow and deepen if its financial market as a whole is to become more efficient and banks are to thrive.
Dark matters
April 3, 2006After decades of chronic difficulties in the power sector, the government now has a blueprint for improvements, but it is already mired in controversy.
New scene set for trade
April 3, 2006The recently ratified DR-CAFTA will change the face of trade for the Dominican Republic. Although the local business jury is still out, trade transparency and opportunities look set to improve dramatically.
From rags to riches
April 3, 2006Microfinance lenders such as Banco Adopem, which specialises in offering financial services to women, are enjoying a post-crisis boom, forcing mainstream banks to sit up and take notice.
Appetite for debt grows
April 3, 2006Appetite for Dominican Republic paper is growing on the back of the debt restructuring that pulled it out of financial crisis and the successful corporate debt issue from power company AES Dominicana. Tom Blass reports.
Missed chances
April 3, 2006A huge amount of hard currency flows in from abroad in the shape of remittances, yet banks have steered clear of it, missing out on a golden opportunity.