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Heiba : In 2016, the Egyptian government embarked on a major economic reform programnot only changing economic policies, but also doing a paradigm shift in the philosophy of investments. The purpose is to enhance and develop our stock exchange as well as allowing for private sector to participate in the banking sector in Egypt.
As AI is piloted and adopted across all aspects of the personal and business banking landscape, Global Finance held a Digital Banking and AI Innovation panel in London with global financial industry leaders to explore the impact of new technologies and how to incorporate them in a way that creates a win-win for all stakeholders.
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Investing abroad effectively reduces exposure to local economic and political risks. GF : How are financial institutions adapting to the growing need for more personalized services in private banking and wealth management? It allows clients to benefit from the growth of global technology leaders and other thriving industries overseas.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will explore the challenges regional and community banks have faced in implementing tailored credit card programs with flexible payment options as a tool to attract and retain the next generation of customers. Save your seat today!
Africa today is the worlds youngest continent, with a growing population and several fast-growing economies, but significant challenges, including the need for regulatory reform in banking and finance. Global Finance: Last year, we discussed the departure of a number of high-profile foreign banks from Africa.
Global Finance ’s 2024 ranking of the world’s 50 largest banks highlights institutions that have built powerful franchises in their respective markets, with extensive rosters of corporate, commercial, and retail clients. The 14 eurozone banks in our top 50 averaged a 1% increase in assets. 47 and State Bank of India at No.
The banking sector in Asia is renowned for its resilience and adaptability, and it must continue to innovate to thrive. As we approach 2025, several key trends are reshaping the financial landscape, particularly affecting the dynamics between CFOs and their banking partners.
Islamic banks based in the Gulf Cooperation Council (GCC) countries continue to expand their reach, taking on Shariah-compliant transactions in new industries and establishing new strategic partnerships. The Gulf’s Islamic banks look to build on this momentum through strategic partnerships. 5, Dukhan Bank advanced two spots to No.
Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM
Global economic conditions are soft at best. From a budget standpoint, US banks are feeling the pinch. Many US banks are bracing for increased defaults and lower demand for mortgages and other loans as interest rates have increased. The largest banks have increased reserves to protect against deteriorating economic conditions.
Egypt has achieved a historic milestone with the initial public offering (IPO) of United Bank on the Egyptian Exchange (EGX). This would be the first bank listing in over 25 years and the countrys first IPO since 2021. United Bank offered a 30% stake, pricing 330 million shares at EGP13.85 each, valuing the bank at EGP15.24
Treasury operations in Asia, particularly Southeast Asia, in 2025 and 2026 are navigating a complex and evolving landscape shaped by economic, geopolitical, and technological forces. Integration platforms that connect ERPs and banks provide seamless, real-time insights, enhancing decision-making.
On March 21, Ethiopia issued its first-ever investment banking licenses, marking a historic shift in the nations financial sector. and Wegagen Capital Investment Bank S.C., both linked to major Ethiopian banks. The post Ethiopia: First Investment Banking Licenses Issued appeared first on Global Finance Magazine.
Global Finance spoke with Yousef Khalawi, secretary general of the AlBaraka Forum for Islamic Economy, about the role of Islamic finance and economics as a holistic and sustainable framework for all economies. GF: Are the core principles and objectives of Islamic economics a challenge to communicate to younger generations? Why is that?
Tanzanias socioeconomic transformation drives economic dominance by attracting substantial investments and dominating intraregional trade. The East African nation has opted to go on quietly pursuing economic supremacy. Tanzania is undergoing eye-catching socioeconomic transformation. Outsiders, however, are taking note.
After a brutal 2022-2023, which saw economic activity impacted by COVID-19, Russias invasion of Ukraine, and Germanys downturn, 2023-2024 has seen a recovery in Central and Eastern Europe (CEE) and Southeastern Europe (SEE). This campus symbolizes the groups confidence in private banking, and Erste Bank is this years Best Private Bank in CEE.
Now they must adjust as central banks turn the tables. The common thread running through this year’s country winners is the resilience they demonstrated during a period of higher interest rates linked to central bank efforts to tame rising inflation. That means banks face a different set of challenges and opportunities.
Thriving as a Treasurer Amid Economic Volatility July 15 | 2:00 PM EDT Register Now Date Tuesday, July 15, 2025 Time 2:00 PM – 3:00 PM EDT Where This is an online event Speakers Leo Gil, Bottomline Craig Jeffery, Strategic Treasurer Sponsored By Hosted By Approved for up to 1.2 CPE credits. How can treasury teams rise to the occasion?
This is true about equity and bond markets, specific company stocks, and economic data series. It is especially true for strategists and forecasters at large brokers and banks. So as strategists at Bank of America Corp., Deutsche Bank AG, Goldman Sachs Group Inc., One last reminder: All forecasts are marketing.
This change will open the market to fintechs and digital banks, which is expected to increase market competition and, possibly, bank consolidations as small banks are forced to merge or exit the industry. By 2026, banks will be required to maintain KES10 billion ($77 million) in capital.
It was an interesting year for interest rates in the United States, one in which we got more evidence on the limited power that central banks have to alter the trajectory of market interest rates. We started 2024 with the consensus wisdom that rates would drop during the year, driven by expectations of rate cuts from the Fed.
President Recep Tayyip Erdogans ambitious dreams include building Turkey from regional economic centre into global economic powerhouse and boosting it from the worlds sixteenth largest economy into the top 10. in 2026 and 4% a year after that without creating other economic distortions. We expect 3.5%
From the establishment of its earliest banks in the mid-19 th century to becoming one of the worlds most advanced financial hubs, Singapore’s banking evolution mirrored the countrys journey from a modest colonial entrept for the trade between Asia, Europe, and then the United States to one of the worlds wealthiest and most developed nations.
The region is set to drive global economic growth, powered by its population and tech sector. The Asia-Pacific region (APAC) will lead global economic growth over the next 15 years thanks to several factors, some of which are already manifest and some of which have yet to emerge. billion citizens to 4.6 billion citizens to 4.6
Private banks benefit from a demographic shift. Private banking in the Middle East continues to thrive, outpacing most other global regions; and the prospects remain positive in dedicated banking and wealth management despite increased geopolitical risk in the area. Knight Frank research shows that global UHNWIs rose by 4.2%
During COP29 Kapital Bank, the country’s largest financial institution, actively contributed to COP29 through various initiatives and panels, including Corporate Sustainability , Sustainability Through Digitalization , and Green Finance and Sustainable Development.
The real task will be honoring his promises for significant changes in governance and socio-economic management, observes Pritish Behuria, associate professor at the University of Manchester’s Global Development Institute. A former finance minister, Sithanen is credited for financial reforms that achieved economic diversification.
With its exit from Central America and Colombia, Scotiabank follows the trend of international banks retreating amid rising compliance costs and risks. Scotiabank has officially exited retail banking in Panama, Costa Rica, and Colombia, marking the latest move by a major international lender to scale back in the region.
For Prime Minister Abiy Ahmed, ringing the bell to mark the opening of ESX was a momentous occasion and another feather in his philosophy of economic liberalization. So far, ESX has one listing, by Wegagen Bank. The ESX relaunch comes after critical reforms like opening the banking sector to foreigners and forex floating.
The institutions in our 50 Safest Emerging Markets Banks rankings are facing a challenging operating environment from rising geopolitical tensions, potential disruptions of global trade, and commodity price volatility. in 2025, according to the Organization for Economic Co-operation and Development (OECD). in 2024, down from 5.2%
After Thomson’s end of year speech, there were talks with several financial institutions with Davivienda’s considered the best offer, according to economics publication Primera Página. However, they will remain in Colombia focusing on corporate customers and large-scale financial projects under the umbrella of The Bank of Nova Scotia.
Regional Winners Most Innovative Bank in Western Europe | SOCIETE GENERALE Societe Generale’s Global Transaction and Payment Services division has launched several new innovations to reduce their corporate clients’ workload. It also utilizes the most comprehensive library of global payments documentation available.
Dubai International Financial Centre (DIFC) remains the Gulf regions powerhouse; in 2024 alone, over 260 banking and capital market firms, 410 wealth and asset management companies (including 75 hedge funds), and 125 insurance and reinsurance firms established offices there. Abu Dhabi, the capital of the UAE, is closing the gap, however.
Nigeria’s central bank will automate foreign exchange (FX) trading starting in December, replacing the decade-old over-the-counter system to enhance transparency and liquidity in its currency markets. Automating FX trades represents a significant step toward creating a fairer and more efficient Nigerian market.
Vista Bank, a digital-first Nigerian lender, has received regulatory approval from Frances Prudential Supervisory Authority (ACPR) to establish operations in France. Granted on January 1, this milestone marks a significant step in the banks expansion strategy to strengthen Africas trade ties with Europe.
DBS , a double award winner as Most Innovative Bank for FX as well as for Best AI/Machine Learning FX Tool, first deployed an AI and machine learning hyper-personalization tool across its treasury and markets businesses. Morgans global FX platform, reducing FX settlement risk and accelerating trade settlements.
How do you balance achieving strong financial results while also supporting economic development and promoting sustainable growth through corporate social responsibility? At Gas de Cameroon, our mission is to unlock Cameroon’s economic potential through cost-effective, clean, and efficient gas products. million annually.
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When diversifying, think about your company’s cash flow patterns and exposure to local economic factors. Think Beyond Market Trends For CFOs in South Africa, understanding broader economic and regulatory factors is crucial. Suppose the South African Reserve Bank raises interest rates.
“Maintaining strong relationships with banking and money fund partners will be critical for organizations to remain adaptable.” ” Key Takeaways Access to cash remains robust, with a continued focus on bank deposits, MMFs, and Treasuries for liquidity. cash holdings, which is down from 44% the previous year.
A CFO has a deep understanding of your business model and your banking relationships, works with your board of directors, prepares detailed financial and management reports, works with auditors, oversees tax planning, and sets policies around controls and payroll.
BIO: Baridhi Malakar, PhD, is an independent researcher and Senior Model Risk Analyst at Western Alliance Bank, specializing in quantitative model validation and applied research. He earned his PhD in Finance and MS in Economics from the Georgia Institute of Technology. Baridhi Malakar, PhD. He holds a B.Tech.
The Bank of Latvia, the countrys central bank, is more optimistic for 2026 and 2027, expecting growth of 3.1% and 3.3%, respectively, due to stronger domestic demand, lower inflation, and the inflow of foreign capital into Latvias fintech, defense and banking sectors. The government also wants Riga to be a leading banking hub.
Major banks like Absa Bank, ICBC, OTP Bank, Bradesco BBI, J.P. AN Global, Middle East Standard Chartered Standard Chartered is a leading international bank recognized for its work in infrastructure finance. It focuses on emerging markets and promotes social and economic development through sustainable finance.
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