Industry Forecast - Growth Outlook Subdued, But Structural Stability Improving - 10 APR 2017
Emerging Markets Monitor April 2017 / Ukraine / Industry
While the nationalisation of Ukraine's biggest bank will support long-term structural stability of the country's banking sector, it will have a disruptive short-term impact and a weak macroeconomic...
Industry Forecast - Debt Hangover Limiting Banking Sector Growth Potential - 27 JUNE 2016
Emerging Markets Monitor June 2016 / Turkey / Economy
Following a rapid build up of private sector debt since 2003, credit growth in the Turkish banking sector will be much more subdued in the coming years and asset quality will deteriorate, albeit...
Industry Forecast - Credit Boom Will Finally Slow - 23 MAY 2016
Emerging Markets Monitor May 2016 / Ghana / Economy
The Ghanaian banking sector will come under significant strain in 2016 as adverse - although improving - macroeconomic conditions lead to an increasing number of non-performing loans, bringing to...
Industry Forecast - Systemic Risks Receding But Weak Growth Ahead For Banks - 23 MAY 2016
Emerging Markets Monitor May 2016 / Russia / Economy
While no longer facing heightened systemic risks, the growth outlook for Russian banks remains very subdued relative to the previous decade. Sector consolidation will continue as smaller, weaker...
Industry Forecast - Challenging Environment For Banks - 28 SEPT 2015
Emerging Markets Monitor September 2015 / Turkey / Economy
Slowing growth and rising interest rates will create a challenging outlook for Turkish banks in the coming quarters, although strong capital levels and asset quality mitigate systemic risks. From a...
Currency Forecast - Case For Devaluation Intact - 28 SEPT 2015
Emerging Markets Monitor September 2015 / Nigeria / Economy
BMI View: Statements from the Central Bank of Nigeria suggest that the bank is as determined as ever to intervene in FX and the economy at large. The bolder it gets, the greater its contractionary...
Industry Forecast - Poorly Positioned To Weather Devaluation - 14 SEPT 2015
Emerging Markets Monitor September 2015 / Argentina / Economy
Argentina's banking sector will face significant headwinds following a devaluation of the peso in 2016 due to the financial system's exposure to hard currency loans. Thereafter, the sector's outloo...
Industry Forecast - Banking Sector Poised For Strong, Sustained Growth - 29 JUNE 2015
Emerging Markets Monitor June 2015 / Kenya / Economy
An accelerating domestic economy, the proliferation of mobile financial services and regional expansion opportunities will see Kenya's large and developed banking sector continue to grow rapidly over the coming years.
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Economic Analysis - EM Reform Update: Asia Leading The Way - 19 JAN 2015
Emerging Markets Monitor January 2015 / Global / Economy
Emerging market 'reformers' will outperform economically. Changes made in recent months reinforce our expectations for Asia - particularly India, China and Indonesia - to lead the way in terms of reforms. Mexico also looks promising. There have been some encouraging signs from Brazil and Turkey of late, but we retain our cautious stance.
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Market Strategy - Regional Equity Strategy - 04 NOV 2013
Emerging Markets Monitor November 2013 / Africa / Economy
We hold a cautious view towards Nigerian equities given negative investor sentiment regarding the political and economic fundamentals, as well as our view that the honeymoon period is over for...