EU accession was meant to bolster Croatia’s economic prospects, but it is yet to have a positive effect on the country's flagging economy. Meanwhile, its banks are facing poor asset quality and a difficult operating environment.
Latest articles from Central & Eastern Europe
With a deadline looming for the privatisation of state-owned Citadele, and the country's accession to the eurozone likely to squeeze profits in the banking sector, 2014 looks set to be a year of challenges for Latvia.
Société Générale CIB arranged a record large loan for PPF Group to buy out Telefonica's Czech subsidiary, and found plentiful liquidity in local currency.
Russian bank profitability is healthy, but there are fears around asset quality in consumer banking, and the regulator is taking a tougher line on money laundering and liquidity problems.
Even if the Ukrainian government rides out popular protests against its decision to turn away from the EU, the sovereign and state gas company debt repayments due in 2014 will challenge its financial position.
The rise of pan-European banking groups makes supervision at a European level appropriate. But crises still start locally, and local supervisors must retain adequate powers to act independently.
A new way of quantifying the effective management of sovereign debt shows eurozone economies in a new light.
Competition and non-performing loans are rising among Russia's consumer lenders, but their profit performance is still well ahead of the rest of the Russian banking sector
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