imported 2024-03-17 17:43:08
“There has been a visible shift from a cash economy towards an electronic economy, in terms of cashless payments such as cards and the growth of internet payments and internet banking. It’s growing at an exponential rate,” says Priyan L. Attygalle, CEO of American Express, Saudi Arabia.
“In American Express in Saudi Arabia, we concentrate very much on the high-net-worth consumers and corporates. These are two areas in which we are very strong and we have very unique products,” says Priyan L. Attygalle, CEO of American Express, Saudi Arabia.
“The asset management business in Egypt is not very familiar. It has a lot of potential to expand over the coming years, because it is very small, but it is growing rapidly, but it is still in its early stages. The growth in assets in the company has a very high percentage. Since the last 3 to 4 years, some companies have grown by 50 % to 70% percent annually.”
“EFSA is the result of unifying all the financial regulators. Our Constitution mentions EFSA, or the non-banking finance regulator as an independent body. We regulate 6 activities, capital markets, insurance, private pensions, mortgage, leasing and factoring. And as a recent development, for the first time in Egypt, microfinance. It is challenging.”
Edoh Kossi Amenounve talks about the latest results of the BRVM (Bourse Régionale des Valeurs Mobilières), discussing actions to be taken, collaboration with other stock exchanges, long term strategy and his vision for the future.
Souleymane Diarrassouba gives his evaluation of the banking sector in Côte d’Ivoire for 2014 and discusses the main priorities of the bank at the moment, as well as the challenges to be faced and his vision for the future of the bank in the next three years.
Kadi Fadika-Coulibaly, CEO of Hudson
Kadi Fadika-Coulibaly explains what are the major trends for stock performance in 2014 in Côte d’Ivoire and the WAEMU region. She also presents Hudson, a securities firm created in 1995, offering world class services to help clients make wise decisions about investing on the BRVM.
“e-payment currently has enormous potential and it is expanding. When we started in 2005, e-payment did not even exist and now it is part of the country’s future strategy, which was announced by the Minister of Telecommunication few months ago,” explains Haithem Trabeek, Strategy & Business Planning Director of e-finance.
The Egyptian Credit Bureau – or iScore – was founded in 2005 by a consortium of 26 banks. “We are here to help the customers rationalise their credit and help the banks evaluate and make rational credit decisions when granting a loan to a customer,” explains Mohamed Kafafi, Chairman and CEO of the institution.
The Egyptian banking sector ticked off marked growth over in the last year, with aggregated assets rising by nearly 17 percent in local currency terms during 2013, according to the country’s Central Bank.
