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CAPITAL MARKETS

Angola goes after diversification

The fall in the oil price and the de-dollarization of the economy has done even more to highlight Angola’s over-dependence on oil. As a result, the diversification of the economy is higher-up on the government’s agenda than ever before.

Kanika Saigal, September 23, 2015

CAPITAL MARKETS

Is Angola ready for PPPs?

The international community has lauded Angola for its quick-thinking and tough decision-making following the sharp fall in the oil price. In February, Angola cut AKz1.8 trillion ($14.3 billion) from its AKz7.2 trillion budget – months before Nigeria, the region’s largest economy and oil producer, made any changes to its own economic outlook.

Kanika Saigal, September 23, 2015

BANKING

Angola's de-dollarization drive

The country’s radical programme has put pressure on the banking sector, which in its short existence has relied heavily on the business brought in by foreign exchange. How can banks stay afloat with a lack of dollars in the system?

Kanika Saigal, September 23, 2015

Opinion

Puerto Rico: Too late for alarm

Puerto Rico should have seen the warning signs three years ago, when the long-term investors moved out and the hedge funds moved in.

September 22, 2015

CAPITAL MARKETS

New Brics lenders redraw multilateral map

Top emerging market officials reveal the ambitions of the new Sino-led development institutions. But emerging markets ignore the opportunity costs of state-led project financing at their peril.

Sid Verma, September 22, 2015

BANKING

Brics take the road less travelled

Emerging markets are working for a multipolar monetary world. Beijing is spearheading the push to establish rivals to the World Bank to globalize the renminbi, establish markets for its excess capacity and plug the infrastructure deficit. But, for now, a post-Bretton Woods era is fantasy.

Sid Verma, September 22, 2015

BANKING

Green shoots of recovery appear in CEE banking M&A

Bad debts, low valuations and a lack of appetite for expansion among strategic players have kept a lid on banking sector M&A in emerging Europe since the financial crisis. Now the recovery of key regional banks and the emergence of new investors is driving a resurgence in activity. But will it last?

Lucy Fitzgeorge-Parker, September 22, 2015

CAPITAL MARKETS

Argentina: To the winner, the spoilt economy

This year’s presidential election in Argentina is likely to be the first to be decided in a second and final round of voting since the constitution was changed in the 1990s. The outcome for the country – and its economy – will be as important as it will likely be close. Euromoney talks to economic advisers to the two leading candidates about how they view 2016 and beyond.

Rob Dwyer, September 22, 2015

BANKING

Igor Kim: Russia's great consolidator

A prolific bank buyer but notoriously publicity-shy, Igor Kim is little known outside his native Russia. In his first major interview with the international media, he talks about expanding into Europe, surviving a spell on Canada’s sanctions list and why global banking models are doomed to failure.

Lucy Fitzgeorge-Parker, September 22, 2015

BANKING

Peru: Q&A – Bayly paints a brighter picture for BCP

Strategic planning has helped Banco de Crédito del Peru outperform despite economic headwinds. The CEO explains how that and rigorous control of risk and costs – all the way down to how much paint is used in its branches – can keep returns on equity above 20%.

Rob Dwyer, September 22, 2015

BANKING

Regional banks battle to fill Central America vacuum

Colombian banks are moving into Central America as international banks depart. Regulation could drive further consolidation. The locals will need strength to survive – and thrive.

Rob Dwyer, September 22, 2015

BANKING

Central America: Money laundering – consolidation from the bottom?

Roberto Zamora, president of Lafise, says that money-laundering regulation is the pertinent driver of consolidation throughout the region.

Rob Dwyer, September 22, 2015

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