Much has been written about Austria's Heta, the ‘bad bank’ which took on the toxic assets of Hypo Alpe Adria. But what of Addiko, which was created from the good parts of its south-eastern European network? Stefanie Linhardt investigates.
Central & Eastern Europe
Latest articles from Central & Eastern Europe
In the aftermath of the global financial crisis, populist politicians in central and eastern Europe realised that struggling homeowners could be their new powerbase. Lenders are facing a potential onslaught of unwelcome government intervention in the banking sector, though there could be a silver lining. Stefanie Linhardt reports.
With only a few months to go before the country’s elections, Romanian minister of public finance Anca Dana Dragu talks to Stefanie Linhardt about her ministry’s tax and infrastructure plans.
Bucharest Stock Exchange lacks only liquidity to move from 'frontier' to 'emerging' market status. And, as Stefanie Linhardt discovers, a partnership with the pan-south-eastern European trading platform SEE Link could help the Romanian bourse get there.
At the end of April, Romania’s parliament approved a bill allowing borrowers to walk away from their mortgage debts. The Banker looks at mortgage holdings of the largest banks in the country.
Poland’s outgoing central bank chief Marek Belka tells Stefanie Linhardt that maintaining banking stability will be the major issue for his replacement.
In two years, Otkritie FC Bank’s Konstantin Tserazov has transformed its investment business through a three-way split between its bond portfolio, repurchase agreements and derivatives. Now, he tells Stefanie Linhardt, he intends to diversify the Russia-focused bank even further.
Russian banks have suffered through the stormy financial conditions of the past two years, but its lenders remain the largest in the central and eastern Europe region. However, Romania, and Banca Transilvania in particular, provide the region's good news story.
Gina Miller, the founder of SCMDirect.com and True and Fair Foundation, says that while there are issues that need to be resolved within the EU, the UK will not escape these problems by leaving the union.