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Emerging Market Loans

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  • It has been a tough year for banks in Asia — and in the rest of the world — but Citi has managed to bolster its business in the region and move rapidly up the M&A league tables. Farhan Faruqui, the bank’s head of global banking Asia Pacific, tells EuroWeekAsia how it achieved this feat and what it has planned for the future, Faruqui is a veteran at Citi, having worked there for two decades, and has run the Asia Pacific global banking team for more than six years. He has gone through two market crises in that time, and has worked to change the way the firm does business in Asia, adopting a commonly talked about, but hard to achieve, client-focused model.
  • International Islamic Financial Market (IIFM) held a meeting on Sunday, December 11, to review its completed documentation initiatives and their implementation by the market.
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  • Foreign direct investment into the Middle East and North Africa has plunged a year after the Arab Spring began, according to a new report by the World Bank’s insurance arm the Multilateral Investment Guarantee Agency (Miga). But even as European banks and multinational corporates pare back, stable regimes in the region are offering hope as bankers search for deals.
  • In a further blow to the embattled central and eastern European loan market, banks’ non-performing loan ratios in the region are set to continue rising throughout 2012, even though they had been expected to peak next year at the latest, according to a report by Fitch Ratings.