The speed and scope of sanctions imposed on Russia since the start of the crisis in Ukraine have forced many companies to enhance their compliance infrastructure and rewrite contracts to restrict potential liabilities from sanctions breaches.
Latest articles from Central & Eastern Europe
The crisis at Portugal’s Banco Espirito Santo has raised fresh doubts about the recovery of banks in the peripheral eurozone.
Bank of Georgia may be sitting comfortably as the largest bank in the eastern European country, but it is not resting on its laurels, with plans to divest some of its acquisitions to focus on its core banking business.
Political tensions continue to dog Russia's capital markets. Following a difficult few months, the shoots of a recovery seemed to be appearing until the US imposed another round of sanctions on the country and a deadly attack on a commercial airliner flying over a disputed region of Ukraine sparked fresh hostilities, jeopardising the market's fragile rebound.
Austrian banks are complaining that the eurozone stress test is biased against central and eastern Europe.
Since taking office as governor of the National Bank of Moldova in 2009, Dorin Drăguţanu has implemented the country’s first inflation-targeting policy, has seen interest rates on loans and deposits decline and has welcomed amendments to the law on financial institutions. He speaks to The Banker about challenges surrounding transparency in the banking sector and economic implications of the Russia-Ukraine crisis.
The problems faced by Moldova's banking sector are not performance related, but instead are deeply rooted in a lack of transparency in banks’ shareholder structures. After opaque shareholder changes in the country's two largest banks in 2013, authorities are working on a resolution.
Little has changed at the top of the central and eastern European ranking, where Russian lenders still dominate, but sales and takeovers have caused a reshuffle further down the ranking.
The complicated geographical and political make-up of Bosnia-Herzegovina, combined with its struggling economy and low purchasing power, makes life difficult for its overcrowded banking market. However, hope is on the horizon as economic growth picks up and looming elections bring promise of a more investor-friendly financial system.
Global Risk Regulator
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