Local specialities
Article Abstract:
Italians have a strong tradition of savings, especially for buying a house, and retirement saving has also grown, due to concern about state pensions. Government bond interest rates have dropped and this has meant a move into stocks, while competition for savings has increased among the banks. There is competition from foreign firms. Local knowledge is important in this market, but there is also a need for support for selling Europe-wide products.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Standard bearer: African banking
Article Abstract:
Standard Bank is the second-largest bank in South Africa, with assets of $23 billion. Since 1992, it has been expanding into other African countries and now has a presence in 14 nations. Increasing domestic competition and the potential for long-range growth are behind the pan-African expansion.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
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