Latest articles from Western Europe

German efficiency deserts banking sector

May 3, 2004

With an already fragmented banking sector and state-owned banks reluctant to change, Germany will remain behind its European peers.

Less ambition, more success

May 3, 2004

Jan Wagner finds that the global banks aiming to expand into Germany should opt for niche markets.

A part to play in Europe

May 3, 2004

Prime minister Recep Tayyip Erdogan talks to The Banker about Turkey’s role in Europe and other strategic policies.

Number crunching

May 3, 2004

Turkey’s economic recovery and reform continues to impress. Positive progress across the board will help the country to achieve its international ambitions.

Assets expand

May 3, 2004

Revaluation, consolidation, privatisation, economic revival and access to foreign markets all affected the banking sector in 2003.

Bank snapshots

May 3, 2004

As the Turkish economy expands, the major institutions are raising their game and improving their performance. Below we detail the key financial indicators for Turkey’s banking front runners.

Public financing

May 3, 2004

The Banker presents a comprehensive overview of Turkey’s debt position and likely borrowing requirements for the future.

Pan-European M&A unlikely but Germany in need of consolidation

April 5, 2004

Despite the kickstart to merger and acquisition (M&A) given by two high-profile US deals, a report from Fitch Ratings last month stated that a growth in cross-border consolidation among financial institutions in Europe is unlikely. The report said that Europe was still fraught with regulatory, fiscal and cultural barriers, “not to mention a lack of any realistically achievable synergies”.

Volkswagen predicts ‘lousy’ first quarter

April 5, 2004

In the wake of a tough market and a poor reception for its new-look Golf, German carmaker Volkswagen has revealed a downbeat outlook for 2004 and announced plans to cut expenditure by 10%. Yet, it seems, analysts are still sceptical. Geraldine Lambe reports.

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