Bulgarian lenders bucked the trend as Tier 1 capital contracted in most of central and eastern Europe, while Czech institutions retained their status as most profitable banks in the region.
Central & Eastern Europe
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Slovenia's minister of finance, Dušan Mramor, tells Stefanie Linhardt how he is overseeing the reduction of its budget deficit, economic growth, rising employment and a burgeoning privatisation programme.
Serbia, Slovenia and Greece are all considering selling-off assets, but must not let public anger derail the privatisation process.
Negotiating through dangerous territory in the restructuring of Ukrainian sovereign debt, PJT Partners' EMEA restructuring team opted to utilise a value recovery instrument in a novel way, to the satisfaction of parties on either side of the deal.
Having shed two of its assets – the exchanges of Budapest and Ljubljana – the CEE Stock Exchange Group, with owner Vienna Stock Exchange at the helm, is steering a new strategic course. Its aim, as Stefanie Linhardt reports, is to become a leading service provider for central and eastern Europe's exchanges.
An influx of taxes on the Polish banking sector, increasingly levels of regulation and 2015's collapse of SK Bank are threatening to add up to a large bill for the country's banks – meaning that profits are under threat.
Slovenia's economy was in a precarious position, even by current European standards, as recently as 2013. The country's central bank governor, Boštjan Jazbec, explains how a return to health has been achieved through methods that were not universally popular.
While consolidation is likely to change the face of Slovenia’s banking system in the coming years, in the near term issues with low profitability are top of the agenda. And, despite the creation of a bad bank to expunge the problem of non-performing loans, many banks still have a far from healthy loan book.
While most large Russian banks have managed to hold onto their position relative to each other, they have all suffered significant falls in Tier 1 capital and profits as they find themselves challenged by currency depreciation and difficult market conditions. Written by Matthew Karwacki, research by Valeria Yakutovich.