While corporate and retail lending in Poland are declining, Polish banks are buoyed by the prospect of €68bn in EU funds over the next seven years, writes Liz Salecka.
Anvar Saidenov certainly doesn’t dodge the tough jobs. For several years, he had the task of regulating Kazakhstan’s over-heating banking sector. Now, he’s been put in charge of sorting out the restructuring of the country’s biggest bank, BTA, which the government declared insolvent in February.
Many Middle Eastern investors and bankers watched complacently as the credit crunch devastated western markets in 2007. But now, several sukuk are also being restructured, showing the rain of this crisis falls on the virtuous and the wicked alike. Eva-Luise Schwarz reports.