Lenders in the Caucasus region have benefited from the turmoil resulting from Russia's invasion of Ukraine, while questions remain regarding Turkish banks as the new central bank governor and finance minister are appointed.

EBRD president Odile Renaud-Basso says the bank is keeping the lights on in Ukraine and has the capacity to do more to help combat climate change.

As the prospect of selling their operations in Russia becomes increasingly challenging, should European banks walk away from their Russian operations or wait it out? 

A year in, how are the sanctions imposed by the West on Russian entities, goods, assets and individuals taking shape?

While market conditions were fragile in 2022, the republic found a good window in October to launch its second sovereign bond in two years.  

As we come to the end of this year, our editors look back on their own coverage for The Banker in 2022: Here are our ‘best bits’. 

The largest banks operating in the CIS republics experienced a substantial uplift in 2021, with the vast majority increasing their Tier 1 capital, total assets and pre-tax profits.