Correspondent Banking Opportunities for Big GCC Banks

Regional banks in the GCC have the opportunity to offer correspondent banking services to smaller local banks in the Middle East, replacing the large international banks who have been withdrawing from the correspondent banking market. James Daniell, a managing director in Alvarez & Marsal's Dubai office, explains how his firm is helping regional banks develop the capabilty to offer these services. 

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Egyptian and Moroccan Banks Among Biggest in Africa

Figures published by The Banker magazine show that banks in Egypt and Morocco account for about a quarter of the combined Tier 1 capital and assets of Africa banks; and forty two of the largest 100 banks in Africa are based in North Africa. The ABA's Editor has prepared a handy table to summarise the relative size of Africa banking systems. 

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