Our coverage of this year's winning institutions from across the continent.

Todd Berman, Troika Dialog’s head of investment banking since late last year, tells Tim Burke about the benefits of being bought by Sberbank and why dealmaking in Russia has a bright future.

Despite an absence of capital raisings, the CEEMEA region’s depositary receipts market continues to trade well. Here, bankers from the main depositary houses tell EMEA Finance about activity during the first half of the year and their hopes for the months ahead.

Innovation in the emerging markets has contributed to a record performance in the depositary receipts market, writes Tim Burke.

Our choice for the best depositary bank and programme.

Plenty of companies want to IPO, but few have achieved it. For depositary banks, that’s a headache,  writes Tim Burke.

Our pick for the best DR house and deal.

A year after an SEC rule change made it easier to issue depositary receipts in the US, the industry’s key players are benefiting from a host of new opportunities. Tim Burke reports.

Depository receipts have proven to be a reliable business even in these volatile times. Indeed, trading on GDRs is actually up 87% this year, even though new issuance is dramatically down on 2007.

With a landmark Eurobond tucked under its belt, an accelerating stock market and first oil production just two years away, Ghana is well positioned to tap the new capital required for its banking sector, writes Kevin Godier.

Kazakhstan’s beleaguered banking sector is getting back on its feet, thanks to increased activity by state banks, and growing levels of FDI, report Shayla Walmsley and Julian Evans.

Egypt’s reformist government is grappling with the dilemma of fighting inflation while cutting a growing deficit. However, in the capital markets, Egyptian companies are expanding and becoming MENA regional champions. Julian Evans reports from Cairo.