Gryphon focuses on the main emerging economies of Central &
Eastern Europe, Middle East and North Africa.
Our core emerging markets (Russia, Poland, Turkey, Ukraine,
Romania and Egypt) represent an aggregate population that is 80% of
the EU total, having a collective GDP of approximately 35% of that
of the EU. However, investment banking activity is still
developing, with less than 10% of the transaction value of the EU
and 3% of investment banking fee revenues.
The long term economic prospects in Gryphon's core markets are
positive, with relatively low levels of leverage, generally well
capitalised banking systems and consumer markets which will grow
over time to converge with those of the EU.