Mugur Isarescu, governor of the National Bank of Romania, tells Matei Paun why he decided to issue a set of regulations that limit retail banking growth.
Central & eastern Europe
Latest articles from Central & eastern Europe
Non-banking boomtime
April 5, 2004Just as the banking sector is benefiting from better economic times in Romania, mortgages insurance and pensions are all making great steps forward.
Shoots of growth
April 5, 2004Positive economic indicators in Romania have heralded an influx in foreign direct investment. Thus opening new doors for the country’s financial sector.
Foreign banks join Russia’s capital markets party
April 5, 2004As the economic good times roll in Russia, foreign banks are either bolstering their current operations or looking for a way in, says Geraldine Lambe.
There may be roubles ahead
April 5, 2004Despite concerns over the wisdom of letting a state bank manage Russia’s pension fund, profits so far have been promising. Ben Aris reports from Moscow.
Surer footings
April 5, 2004Despite its shortcomings, Russia’s banking sector appears to be stable enough to avoid a systemic crisis, even when faced with a worsening foreign economic environment. Andrey Kostin, CEO of Vneshtorgbank, explains.
All change?
April 5, 2004Ben Aris reports on the expected repercussions of President Putin’s re-election.
Spending spree boosts borrowing
April 5, 2004A flourishing economy is allowing the average Russian to enjoy a hitherto-unknown lifestyle, a fact which hasn’t escaped the notice of the bank and loan men. Ben Aris reports.
High street goldmine
April 5, 2004Russian banks that used to primarily focus on large corporate customers are now looking at the retail business as a key element of their market strategies.
Pensions shock boosts funds
April 5, 2004Russia’s mutual funds were wiped out in the 1990s crisis. However, news that the state pension fund is unlikely to provide its citizens with much of a nest egg has fuelled new growth in the area. Ben Aris reports.