The proliferation of legacy systems at CEE banks has proved a major challenge for many western banks that have made acquisitions in the region. But there are a number of different strategies that they can pursue to ensure IT savings, the exploitation of synergies, and a more efficient IT infrastructure, writes Liz Salecka. 

As Egypt's government faces food riots and discontent on the street, foreign investors keep on coming.

Despite the collapse of the ruling coalition, investors are hopeful the Hungarian government can stick to its fiscal austerity plans and weather the global credit crunch, writes Kester Eddy in Budapest.

The mostly-manual bond sale and trading process has taken another step toward digitisation, with a new company launching to automate primary sales while a secondary credit trading firm has received a US$208mn equity investment to grow its platform. 

Top tier Turkish lender Akbank slashed the margin on its US$700mn-equivalent sustainability-linked loan refinancing, days before the Turkish central bank sent markets reeling by slashing rates by 200bp.

Following Brexit, the UK may need to sever ties with the European Investment Bank (EIB). But what will that mean for businesses that currently receive essential EIB financing?

Large technology companies are “well placed” to disrupt parts of banking in the long term, though lending and depository activities in the West look to be shielded for now, according to a report from S&P Global Ratings.

As disruptive technology becomes more widespread, ever more Africans are embracing mobile banking services. According to Dr Edward George of Ecobank, we will soon reach a tipping point of mass adoption.  

World Bank president Jim Yong Kim sets out a radical agenda for his second term that will move it away from direct funding towards de-risking projects in Africa to make them more attractive to private capital.

Investors appear willing to back Egypt’s long-term growth, after the IMF delivered a US$12bn endorsement

Bank of Sharjah is marketing a new US dollar bond, and the issuer will likely have to field tricky questions on one of its major shareholders after Standard & Poor’s slashed the Emirate of Sharjah’s rating by two notches at the end of January.

With oil prices remaining low, a recent report by Moody’s suggest the banks are feeling the strain.