Ya se están implementando las nuevas medidas en el sistema privado de fondos de pensión, que tienen por objeto promover mayor competencia y atraer clientes que actualmente se encuentran fuera del sistema; sin embargo, las administradoras privadas de fondos de pensión (conocidas localmente como AFPs) señalan que algunos elementos de la nueva ley pueden ser inconstitucionales.
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There are currently eight insurance companies in Gabon, three of which specialise in life insurance. Most are subsidiaries of foreign firms, though locally owned Ogar is the country’s largest insurer. Capital investment of insurance companies has been on the rise, with a total of €142.5m having been invested in 2020, up 3.8% year-on-year. Net incomes in life insurance have also performed well,...
Chapter | Capital Markets from The Report: Gabon 2012
Headquartered in Libreville, the Central African Stock Exchange (BMVAC) is one of only two regional bourses serving the Central African Republic, Cameroon, Chad, Congo, Equatorial Guinea and Gabon. Activity on BMVAC was relatively low in 2011, with just one public offering issued by Chad and limited secondary trading activity. However, the bourse has shown strong progress since its operations...
In spite of the country’s relatively small population, there are 14 financial institutions, nine of which are banks. Two of these are majority-controlled by the state and the other seven are privately owned. The largest three banks – BGFIBank, BICIG and UGB – are responsible for more than 80% of loans and deposits made in the country. While penetration remains relatively low, Gabon’s expected...
Economic update | Turkey: New steps forward
19 Oct 2012
Having issued two highly anticipated Islamic bonds (sukuk) recently and boasting continuing expansion in the conventional banking segment, Turkey looks set to maintain its current growth trend in financial services. However, there is still some cause for concern, with one sukuk not performing as well as expected and the economy likely to miss its target of 4% growth for 2012.
Economic update | Nigeria: Markets on the rise
19 Oct 2012
The capital markets have done remarkably well this year, supported by economic growth and international investment, and underpinned by recent reforms that have increased stability and security.