Matching public and private interests
Article Abstract:
The government of Sri Lanka believes that the country's economy will be boosted by the arrival of foreign banks, as this will give confidence to investors from those countries. Furthermore, private sector banks will play a key role in creating a more open banking system in Sri Lanka. Bank of Ceylon has 292 branches, but cannot necessarily compete effectively with foreign banks which can offer specialized services and very well trained staff. Similarly, People's Bank is also facing stronger competition from foreign banks.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Reforms create right conditions for growth
Article Abstract:
Significant developments have taken place in Ethiopia's financial sector as a result of the liberalization of the country's economy. State-owned Commercial Bank of Ethiopia, the largest in the country, is now facing competition following the creation of private banks and two specialized government banks. This is forcing it to become more customer-oriented. Competitive private sector companies have also established a presence in Ethiopia's insurance industry.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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