Latest articles from Central & eastern Europe

Auctions fuel growing distressed debt market

February 3, 2004

The Czech Republic’s distressed debt market is burgeoning. If insolvency law and other legal obstacles are addressed, banks could begin to extend new loans with confidence, says Robert Anderson.

KBC refuses to be beaten

February 3, 2004

Heavy losses in Poland and a fraud in Hungary have tarnished KBC’s central European crown but it plans to persevere in the region. Nicholas Spiro reports from Warsaw.

Deutsche Bank buys into UFG

January 5, 2004

Ben Aris spoke to the Russian bank’s CEO about the rationale behind the deal and the outlook for Russia.

Russians lead on speed

January 5, 2004

Russian banks dominate the top ranks in The Banker’s first analysis of the fastest growing Europeans.

Moscow tests multi-service smart card for added value

January 5, 2004

The Moscow Social Card is being used as a pilot to measure the added value of dual interface smart card technology, combining credit/debit and social payments applications on a single card. Wendy Atkins reports on the scheme.

Hungary’s OTP tastes success

December 2, 2003

Hungary’s OTP Bank is finally celebrating its profitable privatisation,
with a growing client base that enjoys a variety of sophisticated
access channels. Parveen Bansal talks to deputy CEO Csaba Lantos about the bank’s plans to be a major player in the region.

Support Putin or face a return to the bad old days

December 2, 2003

Western investors should back President Putin in his battle with the
oligarchs, who are likely to block any reforms that would harm their
own interests.

Font of prosperity

December 2, 2003

Having ignored his banking interests in favour of oil and metals, one
of Russia’s oligarchs has now discovered the cash cow that is retail
banking. Ben Aris writes.
Vladimir Potanin ignored his bank until a few months ago. One of
Russia’s classic seven oligarchs that came to the fore in the 1990s and
the owner of Interros industrial group, he was concentrating on
developing his core metallurgical companies such as Norilsk Nickel.

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