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Banking sector profitability surged from RUB199bn (USD2.2bn) in 2022 to around RUB3.3tn in 2023. Rising profitability was generated by robust credit expansion, lower loan…
AMLO’s government recently shelved a plan to buy part of the retail banking operations of Citigroup’s local subsidiary, Banamex -- a plan that had caused concern among bankers and…
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DOI: 10.1108/OXAN-DB282112
ISSN: 2633-304X
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This was soon after further details emerged about previously reported financial scandals. The largest involves alleged embezzlement of more than VND300tn (well over USD12bn) from…
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DOI: 10.1108/OXAN-DB283924
ISSN: 2633-304X
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The move has further highlighted risks for international investors in Mexico under the administration of President Andres Manuel Lopez Obrador (AMLO), who appears to have…
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DOI: 10.1108/OXAN-DB279642
ISSN: 2633-304X
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The measure sent bank stocks tumbling and ignited intense political debate, after which the government partially backtracked. The displays the ad-hoc nature of Meloni's economic…
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DOI: 10.1108/OXAN-DB281587
ISSN: 2633-304X
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Cardoso replaces former Governor Godwin Emefiele, who is currently facing corruption charges. The Senate also confirmed four deputy governors, making it the first time in the…
A cabinet meeting yesterday to discuss a replacement failed to achieve quorum, as key political forces boycotted it. The first deputy governor, who succeeds by default, has…
The move followed a sweeping decree issued on December 20 to reform or eliminate some 300 laws governing economic, labour and social issues, and which has already prompted…
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DOI: 10.1108/OXAN-DB284267
ISSN: 2633-304X
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This aims to lower repayment obligations, reducing interest on the loans from 21.5% to 9.0% with a three-year repayment moratorium. It also looks to increase transparency over…
The authorities have also pressured many financial entities into cutting pay and benefits and carried out broad reforms of financial regulators. These moves may be part of…