The new offering will allow African expats to invest in their home economies.
Global financial institutions hope to establish new transactional banking relationships over the next year.
Evgeny Gavrilenkov, chief economist at Troika Dialog, explains why the non-perfoming loan 'crisis' in Russia may not be such a crisis after all, and uses a new poll on drug addiction in Russia to support his intriguing argument.
US banks are scrambling to raise billions of dollars in equity, in order to pay back funds they have borrowed from the US government. Investors, meanwhile, have regained faith in financial stocks.
emeafinance has announced the winners of its inaugural Africa banking awards. The awards recognise the best banks throughout Africa, over the last exciting 12 months for the continent.
The awards generated a great response, with banks from all over Africa sending in submissions. emeafinance chose the winners based on key indicators such as market share, key deals, strategy, profitability, return on equity, and cost/income ratio.
You can read a full write-up of the awards here.
The winners are:
Bank’s securities services division brings Bernardo from Moscow to Joburg to become South Africa country head.
Firm hires Barclays market manager for treasury services role.
Institution appoints EMEA head for corporates and sovereigns in corporate trust business.