A second round of consolidation and privatisation has begun in Romania’s banking sector, offering attractive propositions for growth. Matei Paun reports.
Central & eastern Europe
Latest articles from Central & eastern Europe
No let up in ambition
July 4, 2005Raiffeisen International has been highly successful in entering new markets in central and eastern Europe and it now has plans for dramatic organic growth in Russia, CEO Herbert Stepic tells Stephen Timewell.
Banking on Russia 2005
July 4, 2005Following a year of ups and downs in the Russian economy, The Banker’s conference on May 11 attracted a good crowd, interested in the latest developments, reports Gerry O’Kane.
Consumer lending
July 4, 2005In recent years, there has been a rapid increase in consumer lending. At the same time, despite high average annual growth rates in this segment for the past three years (48%-50%), the market is set to expand further. The retail loans/GDP ratio is not more than 3% compared with 74% in the US, 52% in the EU and an average of 20% in the developing countries.
Credit bureaux law is flawed
July 4, 2005Rumours of mounting bad debt problems in retail banking have led Russia to pass a law allowing credit bureaux to set up – but their proliferation is getting out of hand. Ben Aris reports from Moscow.
Slow track to reform
July 4, 2005Though it is aiding the general clean-up, deposit insurance is unlikely to change the face of Russia’s banking sector any time soon.
Persistent banks reap rewards
July 4, 2005Russia’s banks have been working to boost their reputation on the international capital markets. Ben Aris reports on how their bonds have surged in popularity.
Successful in its own right
July 4, 2005Gazprombank has broken away from giant parent Gazprom to diversify and build on its foundations, its chief financial officer Alexander Sobol tells Ben Aris.
Mortgage movement
July 4, 2005Mortgages could be the next big thing in Russia if the retail banks and the Kremlin have their way.
Residential mortgages throw lenders a lifeline
June 6, 2005With a long-awaited pick-up in corporate lending failing to materialise, Polish banks are making the most of a buoyant residential mortgage market. Yet consolidation beckons in what remains a deeply fragmented sector, says Nick Spiro.