RAK’s financial services sector has posted robust growth in recent years. New regulations in line with Basel III standards are set to stabilise and protect banks, setting new capital and liquidity standards, while changes to the insurance sector are expected to limit investment losses in the UAE’s equities markets. While local banks are increasingly focusing on retail and SME lending,...
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Chapter | Financial Services from The Report: Ras Al Khaimah 2015
With more limited hydrocarbons reserves compared to its UAE neighbours to the south, RAK has developed into an industrial hub thanks to its dynamic network of industrial free trade zones. Considerable natural resources feed the country’s thriving cement and ceramics industries while elsewhere the emirate is looking to leverage its varied landscapes in a bid to boost tourism revenues in line with general economic diversification targets.
Articles & Analysis | Profitable activity: Lending continues to grow, while the ratio of non-performing loans falls from The Report: Mexico 2015
During their annual convention in May 2015, leaders of the Mexican Banking Association (Asociación de Banqueros de México, ABM) said that the industry was doing well. “Mexican banking is experiencing the best credit growth cycle in its history,” Luis Robles Miaja, president of the ABM, said, adding that “credit has been growing at a rate 3.7...
Interviews & Viewpoints | José Marcos Ramírez, CEO, Grupo Financiero Banorte: Interview from The Report: Mexico 2015
Articles & Analysis | Opportunities abound: Banks are developing mobile and internet banking services for a growing number of online customers from The Report: Mexico 2015
Mobile and internet banking is at a relatively early stage of development in Mexico, but most players are convinced that it is the shape of things to come, and that banks that do not invest in developing their online and mobile presence are at risk of losing market share.
Articles & Analysis | Mexico's financial services reforms strengthen sector from The Report: Mexico 2015
Operating with comparatively high capital reserve levels, Mexico has a strong and profitable banking system. Both the commercial banks and the regulatory authorities have a prudent and conservative outlook on the way the sector is run. The banking system has enjoyed two decades of growth and stability. This cautious culture is a lasting and...