Global banking: Interviews with bank CEOs around the world
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In our September edition, Euromoney explores the challenges and opportunities for some of the world’s leading financial institutions in emerging markets, including BBVA’s bid to become the world’s first digital bank, Gulf banking, M&A in Malaysia and reforms to the Indian financial system.
BBVA has embarked on a bold transformational strategy to become the world’s first digital global bank, and reinvent itself as a knowledge-based information company, fit – it hopes – for the modern era and beyond. Could the Spanish bank be providing a blueprint for the future of banking? CEO Francisco González certainly believes so.
Philosopher, philanthropist and father of 23 – Roman Avdeev is a far cry from the stereotype of Russian oligarch. Yet his ownership of Credit Bank of Moscow, one of the country’s fastest-growing lenders, along with canny deal-making in sectors from retail to pharmaceuticals, is fast propelling him up the rich list. And his status as one of Russia’s most independent billionaires gives him a unique insight into the country’s current pariah status.
In exclusive interviews, leaders of Indian finance reveal how banks, nursing wounds from the recent credit boom, should be set free from the shackles of state control, as reformists raise hopes of a new dawn for Indian capitalism. A jolt, not a tweak, to the financial system is desperately needed.
A three-way banking merger is the biggest yet in Malaysia, part of a regional trend to boost domestic firms to compete locally and abroad. It would also give the country a big contender in Islamic finance.
The proposed merger of CIMB, RHB Capital and Malaysia Building Society (MBSB) will transform the economics of the country’s banking and capital-markets business in the coming years and shake up south-east Asian banking in general.