Safest Emerging Markets Banks 2013 | Global Finance

Global Finance presents its annual ranking of the soundest banks in the developing world

GIBS Information Centre / GIBSIC‘s insight:

EM banks – “Outside South Africa, rating coverage of banks in sub-Saharan Africa remains small, and only South African institutions hold investment-grade ratings.



 The safest banks chart compares the ratings for the world’s largest 500 banks, based on asset size. Long-term foreign currency ratings issued by Fitch Ratings, Standard & Poor’s and Moody’s Investors Service were used. Where possible, ratings on holding companies were used rather than operating companies, and banks that are wholly owned by other banks were omitted. Within each rank set, banks are rated according to asset size, based on data for the most recent annual reporting period provided by Fitch Solutions and Moody’s. In previous years we assigned a “tie” score to banks that had the same number of points and had assets within $5 billion of each other. We have changed our methodology on this point and will no longer be giving “ties.” Ratings are reproduced with permission from the three ratings agencies, with all rights reserved. A rating is not a recommendation to purchase, sell or hold a security, and it does not comment on market price or suitability for a particular investor.

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Durban touted as home of Brics bank – Companies | IOL Business |

GIBS Information Centre / GIBSIC‘s insight:

BRICs bank – Durban

The decision to set up a new development bank was made by Brics leaders at the Durban summit.  –    –  They said it was aimed at “mobilising resources for infrastructure and sustainable development projects in Brics and other emerging economies”.

While more details of the bank were expected at the next summit in Brazil next year, Brics members said on the sidelines of the G20 summit in Russia in September that it was targeting a reserve pool of $100 billion (R1 trillion).  –  Russia, Brazil and India would contribute $18bn collectively in initial funding, while China would put in $41bn and South Africa $5bn.  –  Zungu said once the bank was established, it was expected to prioritise infrastructure, education and human settlement.”

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Emerging Markets Payments and MasterCard offer unique payment solutions in Egypt and other African markets – PaymentEye

In line with its commitment to enhance electronic payment card penetration in Egypt, MasterCard has announced the appointment of Emerging Markets Payments (EMP), the electronic payments processing company in the Middle East and…

GIBS Information Centre / GIBSIC‘s insight:

EMP, Emerging Market Payments – Mastercard – 

Becoming a Principal Member of MasterCard allows EMP to launch a unique service proposition that provides banks and smaller card issuing companies with a combined consultancy, technology and operations outsourcing solution. The holistic approach aims to help startup, small-sized companies and banks benefit from economies of scale and gain exposure to international best practices and strategic insights about the payments industry.” said Paul Edwards, Chairman of Emerging Markets Payments.

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Study considers emerging markets as auto’s “last frontier” / BCG

Boston Consulting Group said in a report they consider emerging markets beyond Brazil, India, Russia and China to offer the “last frontier” for vehicl

GIBS Information Centre / GIBSIC‘s insight:

Auto industry’s ‘last frontier’ :”The southeast Asia countries, including Indonesia, Malaysia and Thailand, are forecast to have new vehicle sales of 4.6 million by 2020, larger than Russia, the report said.

Middle Eastern countries, including Iran, Saudi Arabia and Turkey, may have 5.8 million sales in 2020, larger than 5.2 million forecast for Brazil, according to Boston Consulting. Latin American countries, including Argentina, Chile and Colombia, may be 2.9 million, compared with the 3.6-million German market.  –  Via Bloomberg

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Tata Power to expand renewable energy business in Africa market – Hindustan Times

Curated by GIBS IC staffer Magdel Naude / See also on Scoop.itCentre for Dynamic Markets

Tata Power to expand renewable energy business in Africa market
Hindustan Times
“Africa, being a new growth economy has a greater need for power and hence, our risk of doing business is less,” Shah said.

GIBS Information Centre / GIBSIC‘s insight:

TATA  –  “Tata Power, the utility business of India’s largest business group, had carved out a separate renewable energy arm, Tata Power Renewable Energy, to build a robust renewables portfolio.

Last year, Tata Power, through its subsidiary Khopoli Investments, and South Africa’s Exxaro Resources had formed a 50:50 joint venture to focus on developing electricity projects in Africa.

“Africa, being a new growth economy has a greater need for power and hence, our risk of doing business is less,” Shah said.

The company has also entered in projects commissioned at Indonesia and Bhutan. “The objective is to enter countries which have an evolved policy structure,” Shah said.”

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Turkey and South Africa: a tale of two emerging markets – Economic trends | Moneyweb

Curated by GIBS IC staffer Magdel Naude / See also on Scoop.itCentre for Business Analysis & Research – CBAR

Moneyweb – Breaking news, independent analysis, latest JSE share prices, exchange rates and data on investment, finance and business in South Africa (RT @Moneyweb: Turkey and SA: a tale of two emerging markets.

GIBS Information Centre / GIBSIC‘s insight:

Turkey – SA  ” The comparison with South Africa – and with the Arab Spring protests that unseated authoritarian leaders in North Africa in 2011 – may work only so far.   The demonstrations across Turkey mostly represent the secular middle classes rejecting what they see as the imposition of Islamist values. The ruling AK Party, having delivered a tripling of per capita incomes since it came to power in 2002 and restored Turkey’s investment grade rating, still enjoys broad support.  South Africa’s troubles run far deeper, including falling metals prices, a largely unskilled population and youth unemployment around 50 percent. As labour unrest explodes, the ruling party, the 101-year old ANC, is increasingly unpopular.  These problems put South Africa at the forefront of the selloff that slammed emerging markets last month.  But what Turkey and South Africa have in common are current account deficits of more than 6 percent of their gross domestic product (GDP), the biggest among major emerging economies.

Turkey needs to find almost $50 billion this year to finance this deficit – and like South Africa, it is almost totally reliant on stock-and-bond flows to plug the gap.”

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Brazil: Confronting the Productivity Challenge

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Brazil must improve productivity to meet its aspiration of growing GDP by more than 4 percent annually. Companies must decide where to “play” and adjust accordingly.

KISs @GIBS‘s insight:

BRICS and emerging economies – Ackn. bcg  "

 as Brazil closes penetration gaps with developed economies in several categories, as well as in consumer-credit stock levels. A sluggish global economy will weaken demand for Brazilian commodities.

On the supply side, productivity has emerged as the key challenge for Brazil and companies operating in Brazil. Our analysis shows that approximately 74 percent of the GDP growth over the past decade was due to the increase in the number of people working and only about 26 percent was attributable to productivity gains. This is very different from the productivity-driven growth of other rapidly developing economies. As the workforce expansion weakens, it will be critical for Brazil to increase productivity significantly to meet its aspiration of growing GDP by more than 4 percent per year."

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