On a visit to Pyongyang, Stephen Timewell examines the state of North Korea’s fledgling banking system, which is slowly developing in order to increase foreign trade.
Latest articles from Stephen Timewell
IIF REPORT: OUTSTANDING ISSUES ON BASEL II
December 5, 2005An IIF report warns that inconsistent implementation of the Basel II capital accord could threaten the whole process, while research on European bank branches reveals that around a fifth are unprofitable, writes Stephen Timewell.
A piece of China’s consumer action
December 5, 2005With an eye on China’s burgeoning consumer credit and retail markets, two American companies have invested in the future of Shenzhen Development Bank. Stephen Timewell reports.
‘Chinese banks need foreign competition’
December 5, 2005Stephen Timewell questions Liu Mingkang, chairman of China Banking Regulatory Commission, on capitalisation, corporate governance and the role of foreign banks.
Bridging the Gulf
October 3, 2005
Adel El-Labban, CEO of Bahrain’s Ahli United Bank, talks to Stephen Timewell about progress on his plans for a pan-Gulf retail network.
Most banks in the six states of the increasingly rich Gulf Cooperation Council (GCC) have tended to focus on their domestic markets and as a result remained relatively small compared with the region’s enormous wealth.
But now a few are breaking through traditional barriers, creating regional networks and realising some of the Gulf’s potential.
Bahrain’s Ahli United Bank (AUB) has been a pioneer of mergers and acquisitions in the Gulf and this remains central to the bank’s strategy.
Foreign shores provide growth
October 3, 2005
Stephen Timewell reports from Reykjavik on Iceland’s rapid transformation into a pan-European banking force. Iceland is a truly amazing country. And it is not just the volcanoes, the geo-thermal springs or even singer Bjork that make it unique.
Iceland boasts a banking sector that almost doubled in asset size last year, an economy that grew at 5.2% in 2004 and an expected 6.6% this year and a GDP per capita amongst the highest in the world at $40,250 in 2004.
New Riches- How China and the GCC will spend their megabucks
October 3, 2005Bankers are already on the case of how China’s and the Gulf States’ huge reserves of foreign exchange can be put to best use.Stephen Timewell reports.
KPMG Report: Foreign Bank Branches in Japan
October 3, 2005Research shows that foreign banks operating in Japan have found the going increasingly tough during the past 12 months while the US prepaid card market goes from strength to strength. Stephen Timewell explains.
Ambitious project on course to be a winner
October 3, 2005
Will the new Dubai International Financial Exchange fulfil the vision of its creators to become hub for the region? Omar bin Sulaiman, director general of the Dubai International Financial Centre, talks to Stephen Timewell.
The Dubai International Financial Exchange (DIFX), which was due to open on September 26, is an ambitious attempt to become the leading exchange between west Europe and east Asia.