VOL. XLVI

No 46

17-November-2003

REGIONAL BANKING

Risk Profiles Of North African Banks Likely To Deteriorate Before They Improve, Says S&P

Banking sectors inMorocco, Tunisia and Egypt enjoy good long-term growth prospects, but in the absence of much-needed sectoral restructuring and rationalization, as well as better corporate governance, their risk profiles are likely to get worse before they get better. This is the finding of a 16 September research paper by ratings agency Standard &...