How can Islamic finance boost the competitiveness of North African financial markets?
Financial Services
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Interviews & Viewpoints | OBG talks to Abdenour Houaoui, General Manager, Arab Leasing Corporation (ALC) from The Report: Algeria 2013
Articles & Analysis | Getting stronger: Taking steps to reduce NPLs, boost penetration and improve stability from The Report: Algeria 2013
In February 2013 the IMF called on the Algerian authorities to take a number of measures to strengthen the financial system, including boosting banking intermediation and further tackling non-performing loans (NPLs) at public banks. The country benefits from a sizeable and liquid banking sector, but key indicators for activity and usage remain...
Articles & Analysis | Changing tactics: A surge in public housing projects and new financing models are driving growth in the sector from The Report: Algeria 2013
Against the backdrop of a large government home-building programme, state banks are stepping up the role they play in housing and real estate finance. Outside of the public housing segment, cheap long-term mortgages are available, in particular from public banks, though retail mortgages are dwarfed by state spending on housing and supply remains an...
Articles & Analysis | Taking control: The central bank’s efforts have paved the way for a more stable operating environment from The Report: Nigeria 2013
Following a significant overhaul of the sector in 2012, Nigerian banks recorded their strongest performance since the onset of the banking crisis in 2009. With the cleaning of balance sheets over the past two years, a consolidated and restructured market has emerged, and competition and lending are set to increase over the coming years. The disposal...
Interviews & Viewpoints | OBG talks to Fola Daniel, Commissioner for Insurance, National Insurance Commission (NAICOM) from The Report: Nigeria 2013
Articles & Analysis | Recouping revenues: Restructuring efforts are helping to recover past losses from The Report: Nigeria 2013
a claw-back clause. AMCON’s exposure to unsecured loans, a minority of assets purchased, was limited to 5% of face value. By the end of 2011, AMCON had accumulated a total notional amount of N4.2trn ($26.46bn) in NPLs, at a cost of N1.76trn ($11.09bn). This amounted to four times more NPLs than banks had disclosed in their regulatory filings, according to CBN data.
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