Banks at the heart of Cuba’s existential battle for reform September 22, 2016

              “We don’t have banks in Cuba!” The taxi driver helming a splendid 1957 Pontiac Pathfinder clasico off the taxi rank at Havana’s Hotel Nacional snorts with scorn. Euromoney has asked him to drive us to a rare meeting at the Banco Central de … read more >>

Recent Files

Shades of Kafka in Castro’s new Cuba October 3, 2016

Franz Kafka, who wrote about European bureaucratic labyrinths, would have found much inspiration in Cuba officialdom’s Soviet-inspired maze.   Euromoney had hoped to see some of the state-owned Cuban banks during our visit to Havana in August, but multiple requests failed to gain any response.   The Banco Central de … read more >>

Ukraine: The perils of PrivatBank May 4, 2016

Assailed by conflict and politics, Alexander Dubilet admits that the task of running Ukraine’s biggest bank is complicated. But he insists that PrivatBank can cope with the loss of large parts of its network and dismisses rumours about secret loans and the need for state support.  “How’s business?” Euromoney asks … read more >>

Ukraine: Yulia’s tale: serving clients amid hostage-taking and betrayal May 4, 2016

July 7, 2014 loomed as a normal business day for Yulia Vyalova, PrivatBank’s branch network boss in Ukraine’s eastern Luhansk region. Normal that is, inasmuch as circumstances allowed Vyalova and her charges to do their job, staffing the 155 PrivatBank branches around Luhansk after war had erupted three months earlier … read more >>

Kenya: central bank governor Njoroge: Calling it as he sees it April 14, 2016

Patrick Njoroge has spent much of his career outside Kenya, mostly in Washington at the IMF as a senior economist. Two decades in that role took him around the world, occasionally as its ambassador, more often in a team of firemen fixing damaged economies. As for central banks, he has … read more >>

Technology: Traditional banking is Finn-ished April 14, 2016

A conversation with Dr Tom Dahlström of Finland’s OP Group, the ubiquitous financial services firm, is like having one’s own TED talk about banking. Firstly there’s his ‘doctor’ thing. Not many banking executives can claim to be one – Dahlström’s doctorate is for economics, which he got in Helsinki after … read more >>

Zeti ups the ante in fight with 1MDB February 14, 2016

Malaysia’s formidable central bank governor Zeti Akhtar Aziz endured quite a month in October. It began with her contemplating the fresh lows that her beloved ringgit had plumbed on September 30, having lost 40% of its value in a year to become Asia’s worst-performing currency, and taking much of her … read more >>

Malaysia: Zeti’s last stand January 17, 2016

Alas poor Zeti Akhtar Aziz, Malaysia’s embattled central bank governor. At 68, and after 15 years in the job, she is due to retire next April. But it is not certain whether she will make it that far. Her beloved ringgit has collapsed to its lowest level in 17 years, … read more >>

Zeti tries to rise above Malaysia’s creeping crisis November 15, 2015

For Zeti Akhtar Aziz, the venerable governor of Bank Negara Malaysia (BNM), the country’s central bank, these should be the best of times. Deep into her last year of what will be, by her retirement next April, 16 years at the helm of BNM, it should be a period of … read more >>

Spain: Sabadell tries out a new look October 15, 2015

Since the financial crisis the bank has been transformed from a Catalan regional to the fifth largest bank in Spain. It now has ambitions in Europe and the Americas.