Treasurers face a towering workload – and the challenges will keep coming in 2011, writes Liz Salecka.
Transactional Banking
Deal levels are far from those witnessed before the crisis, but cash-rich buyers can still pick up prime EMEA assets at bargain prices. Mark Dunne reports.
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.
Konrad Engber discusses the German bank’s new office in Côte d’Ivoire.
Georgian lender secures funding lines from OFID and Turkey's export credit agency.
African DFI's secondary market syndication takes total commitments to US$636mn from 22 banks.
Trade-finance institution raises US$250mn from Middle Eastern and African banks.
Russian gas company meets with reps from Chinese bank to discuss offshore renminbi issuances.
Financial-services technology network Swift aims to open an office in Ghana this year, its CEO for Europe, the Middle East and Africa tells EMEA Finance.
Speaking at last week's Swift Business Forum in London, Alain Raes highlighted rapid growth in African economies and financial markets, which calls for Swift to develop a greater presence on the ground.
"If you want to start supporting mission-critical local-market infrastructures like payment processes, you need to start proposing the sort of local support that can react in a minute if something is happening," he says. "If we want to become more a part of domestic markets, it's likely we'll have to invest further in local resources and support."
EMEA Finance is proud to announce the winners of our annual Treasury Services Awards.
For the third year, these awards recognise banks demonstrating ingenuity, innovation, and investment in cash management, FX and other treasury services.
The winning banks appear here, with full coverage in our October-November issue, available at Sibos in Osaka, Japan.