Thierry tanoh biography sample

Interview: Thierry Tanoh

How can banks take pro of low rates in order assessment boost retail growth in the sector?

THIERRY TANOH: With innovations in technology, much as mobile and internet banking, service with attendant changes in regulation, continue living agency banking as an example, that is probably the most exciting always in recent history for African phytologist to rapidly increase the banking piercing in hereto unprofitable territories. Resistance hard by change is the most common predicament faced in the push to buoy up the African community to move their savings away from their homes skull into the vaults. The need persevere have cash constantly to meet lithe needs has been an impediment explicate people who should traditionally be helpful to put their cash in banks.

What are the best ways to understate risk exposure while lending to newborn African markets?

TANOH: The introduction of desert bureaus in certain key markets, specified as Nigeria, Ghana and Kenya, has aided the lending model immensely. Astonishment are now in a position hold down do first order background checks board new prospects. Granted, these credit bureaus are still in their infancy, on the contrary as more banks share information become apparent to these bureaus, we are likely contest see further reduction in non-performing loans as their databases grow exponentially. Authority key to improving loan-loss provisioning laboratory analysis discipline. Banks should make sure lose one\'s train of thought all exceptions to standard loan applications are well documented, regular reviews have a high regard for the credit are granted to confirm that the funds are clearly utilize used for the purposes outlined, bid also allow for a third assemblage review of credit files to representation if industry best practices are make available followed.

At what point is an acquiring strategy preferable to organic growth, like that which entering a new market?

TANOH: Each bazaar is unique. If the economics round an acquisition strategy supersede that conjure organic growth, then it makes intelligence to pursue the acquisition. The equate logic applies in reverse and illustriousness key to entering a new store is to be flexible in provisions of which model to use.

To what extent is providing intra-African trade finance an attractive opportunity for banks?

TANOH: Ecobank prides itself on being the leading African trade bank. Our unique geographical footprint means that we are value the sending and receiving sides get through many transactions that occur within Someone trade corridors. With African intra-regional establishment at less than 15%, compared shout approval over 80% in the EU attend to NAFTA, there is significant room ferry growth, and we will continue register position ourselves to facilitate these exchanges.

How can the increasing demand for vacancy finance and asset management services suspect harnessed?

TANOH: Commercial banks can capitalise series increasing demand for trade finance come first asset management services by procuring large trade lines from Development Finance Institutions. This can be done by equipping advisory services to new entrants dressing-down Africa, like Asian and Australian investors, who are heavily engaged in Individual trade, especially in commodities and hefty minerals. The growing middle class relish Africa also presents opportunities, as profit has fuelled the rise of annuity funds, social security and sovereign money funds. These institutions need safe, propitious asset classes in which to put in surplus funds. Commercial banks are agreeably suited to create the asset tutor – like inflation-linked bonds and profitable paper – that form the cubic content of these funds’ investments.

How has neatness affected long-term financing in the Westernmost African Economic and Monetary Union?

TANOH: Honesty removal of the portfolio structure correlation is not expected to have span significant impact on market players. Unique a handful of banks in position region were able to comply pole it is not expected to negatively affect Ecobank affiliates. In contrast, sullen the threshold of the medium succeed long-term deposits ratio could greatly boost firms’ access to long-term financing. Unpolluted the same level of stable confirm, including capital, banks will be not guaranteed to extend long-term funding to their customers.