Ratings

PSB: From Undercapitalized Commercial Bank to Russian Military Bank

Promsvyazbank, one of a number of large private lenders to be taken under the government wing over the past year, is set to assume an unusual role of the Russian military’s main coffer. Manulife senior analyst Richard Segal considers the prospects of such a specialized lending institution in a challenging landscape of sector consolidation and international sanctions.

By Richard Segal, Senior Emerging Markets Credit Analyst, Manulife Asset Management

Mar 16, 2018 // 1:06PM

Subscribe for access:

Subscribe

Richard Segal is a senior investment analyst at Manulife Asset Management, working with its Emerging Markets Debt team. He focuses geographically on credits in Central Europe, the Middle East and Africa. Prior, Richard spent four years at Jefferies International in London. He has a degree in economics from MIT, having joined Manulife in 2015, and has spent most of his career analysing emerging markets, having earlier built sovereign risk and term structure models.

Want full access to market-leading conferences?

Subscribe

Related Reads

#BondsLoans24 - Latin America Corporates: The Path Forward

Jul 8, 2020

#BondsLoans24 - Market technicals vs. economic fundamentals: Are COVID-19 and oil price pressure properly reflected in GCC bond/sukuk spreads?

Jul 8, 2020

Moody’s: Coronavirus to Sharpen Focus on Credit-Relevant ESG Factors

Jun 24, 2020

The 'Battle' For South Africa

Jun 17, 2020

Recommended Stories

EM Telecoms During the Crisis: A Different Kind of Going Viral

When most other sectors face an unprecedented crisis, the telecoms industry could stand to benefit as demand for digital communciations soars on the back of requirements for self-isolation and quarantines across most of the world's nations, argues Manulife's Richard Segal, but the ability of telecoms to prosper in challenging times varies significantly from market to market.

Mar 27, 2020

Turkey: Call and Response

With Turkey seemingly approaching a critical junction in its economic trajectory, a call with the country’s Minister of Finance sheds light on how the country looks to tackle the rising challenges confronting it. Manulife analyst Richard Segal shares the details.

Aug 30, 2018

Turkey: What does the Financial Stability Report Tells Us?

The Central Bank of Turkey recently published its financial stability report and it tells us a lot about the economic risks and opportunities moving forward more broadly. Manulife analyst Richard Segal provides a digest of the report and assesses the implications for Turkey’s economy.

Jul 27, 2018

Newsworthy Times for Russia’s Private Banks

While most investors and the Bank of Russia expected to focus much of their attention for the remainder of 2017 on an impressive rebound in the country’s economic prospects, a series of challenges at some of Russia’s lenders – small, medium and large – have forced the world’s gaze onto the cracks emerging underneath its financial system.

Sept 29, 2017