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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 >>

Recent Files

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 >>

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.

Byambasaikhan offers Mongolia a fresh exchange of ideas September 15, 2015

In doing the rounds of Ulaanbaatar, it doesn’t take long to encounter someone who used to work at the Mongolian Stock Exchange. Former MSE staff seem to be deposited most everywhere across the narrow universe that is Corporate Mongolia; at its handful of banks, its few private equity firms, the … read more >>

Sri Lanka: Showdown at the central bank August 15, 2015

Vendettas waged by government bureaucrats never look good but, in Sri Lanka, such higher-minded considerations seem to have evaded two powerful men who should know better. Arjuna Mahendran and Ajith Cabraal, the current and former governors of the Central Bank of Sri Lanka, have been at each other’s throats over … read more >>