Western Europe

Landesbanken under pressure to restructure

Under review: there have been calls for Bayern LB (headquarters pictured) to be sold following its recent difficultiesUnder review: there have been calls for Bayern LB (headquarters pictured) to be sold following its recent difficulties

The German Landesbanken were hit hard by the financial crisis, and bailouts at both state and federal level have allowed the national government and the EU to increase the pressure for both restructuring and reform. Writer Michael Marray

Central & Eastern Europe

Samir Sharifov

Samir Sharifov, Azerbaijan's finance ministerSamir Sharifov, Azerbaijan's finance minister

Azerbaijan's finance minister tells The Banker about the country's strategy to diversify its economy away from a dependence on oil exports and addresses international questions about the government's fiscal transparency. Writer Michelle Price

Americas

Argentina's season of change

Poor harvest: but Banco Galicia, a leader in the agricultural sector, closed 2009 with a $301.5m profitPoor harvest: but Banco Galicia, a leader in the agricultural sector, closed 2009 with a $301.5m profit

Despite the twin threats of the worst drought to strike South America in decades and the continuing fallout from global financial crisis, Argentina's lenders have survived relatively unscathed. And now a debt swap offer could allow the country to access international credit markets. Writer Silvia Pavoni

Asia

Slow progress

Open door: the merger between ICICI and the Bank of Rajasthan is the first consolidation in India since 2008Open door: the merger between ICICI and the Bank of Rajasthan is the first consolidation in India since 2008

Indian banks are demonstrating a return to good health and new players are set to enter the market. But overbanked urban areas and a seeming reluctance to enter a period of consolidation continues to hamper the industry's development. Writer Rekha Menon

Africa

State of the union

Dr Temitope Oshikoya, director-general of WAMIDr Temitope Oshikoya, director-general of WAMI

West Africa's second monetary union project remains years behind its original schedule but recent progress towards convergence and the accession of a sixth member state have provided it with some much-needed momentum. Writer Daniel Maalo

Middle East

Hussein Al Uzri

Hussein Al Uzri, chairman of the Trade Bank of IraqHussein Al Uzri, chairman of the Trade Bank of Iraq

The chairman of the Trade Bank of Iraq reveals how things are looking up in Iraq, with banks seeing progress with letters of credit and discussions in place to help finance the projects earmarked for the country. Writer Courtney Fingar

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