While AI solutions and ISO 20022’s rollout offer some relief, the challenges to correspondent banking remain acute in an era of ever greater de-risking.
UAE plays catch-up with open banking regulations
August 14, 2023As Saudi Arabia begins issuing technical certifications to banks and fintechs, the UAE’s open banking framework remains some way off.
Access Holdings aims to be Africa’s gateway to the world
July 26, 2023Access Holdings’ group managing director talks about the group’s acquisition strategy, the impact of Nigerian economic reforms on the country’s banking sector, and the future of digital assets in Africa.
Djibouti’s road to recovery
July 12, 2023Mohamed Siad Doualeh, Djibouti’s ambassador to the US, talks about debt restructuring efforts, the impact of regional conflict in Ethiopia and Sudan, and the country’s efforts to position itself as a regional financial hub.
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Nigerian banks set to benefit from exchange rate overhaul
July 10, 2023After being caught out seven years ago, Nigerian lenders are better prepared to absorb the impact of the naira’s recent devaluation.
Corporate lending and mortgages continue to sustain Saudi banks
July 5, 2023Al Rajhi Bank’s growth sees it top Saudi Arabia’s performance tables, even as SNB remains the country’s largest lender.
Currency weakness pins back South African lenders
July 5, 2023The country’s big four all reported positive results for 2022, in spite of gathering economic storm clouds.
Ghanaian exposures hit Nigerian banks
July 5, 2023UBA is the only Nigerian lender in this year’s Top 1000 World Banks ranking to record a rise in Tier 1 capital and profits.
Currency weakness and economic strife weigh on African banks
July 5, 2023Significant crises in key markets such as Egypt, Nigeria and South Africa burdened lenders in this year’s ranking.
Oil windfall buoys Middle East’s largest lenders
July 5, 2023Lenders in the oil-rich Gulf Co-operation Council enjoyed a stellar year in 2022, with Saudi Arabia's Al Rajhi Bank among the standouts.