There were two departures from the 2011 top 25 banks in central and eastern Europe (CEE), both based in Russia. Bank of Moscow was dropped temporarily from the entire Top 1000, because it has not published 2010 results. It may now be bought out by VTB, which would lead to its permanent removal from the ranking. And International Industrial Bank had its licence revoked in late 2010 due to default on its liabilities and alleged accounting irregularities.
This allowed Ak Bars Bank and Sviaz Bank, also both Russian, into the CEE top 25. These were both new entrants to the Top 1000 as a whole, and some of the names on the new entrants list were recovery stories rather than new faces. Both Sviaz Bank and Ukraine’s Prominvestbank were rescued by Russian state development bank Vnesheconombank at the height of the crisis, and have now recapitalised sufficiently to re-enter the top 1000.
