Latest articles from Central & Eastern Europe

Credit bureaux law is flawed

July 4, 2005

Rumours of mounting bad debt problems in retail banking have led Russia to pass a law allowing credit bureaux to set up – but their proliferation is getting out of hand. Ben Aris reports from Moscow.

Slow track to reform

July 4, 2005

Though it is aiding the general clean-up, deposit insurance is unlikely to change the face of Russia’s banking sector any time soon.

Persistent banks reap rewards

July 4, 2005

Russia’s banks have been working to boost their reputation on the international capital markets. Ben Aris reports on how their bonds have surged in popularity.

Successful in its own right

July 4, 2005

Gazprombank has broken away from giant parent Gazprom to diversify and build on its foundations, its chief financial officer Alexander Sobol tells Ben Aris.

Mortgage movement

July 4, 2005

Mortgages could be the next big thing in Russia if the retail banks and the Kremlin have their way. 

Residential mortgages throw lenders a lifeline

June 6, 2005

With a long-awaited pick-up in corporate lending failing to materialise, Polish banks are making the most of a buoyant residential mortgage market. Yet consolidation beckons in what remains a deeply fragmented sector, says Nick Spiro.

Central reservations

June 6, 2005

During the Russian Economic Forum, in April, deputy head of the Central Bank of Russia, Alexei Ulyukayev, who is in charge of Russia’s monetary policy, spoke to The Banker about the bank’s strategy.
Q Will the CBR target inflation as well as the exchange rate this year?
A The CBR has never publicly said it would target the exchange rates.

High-yield temptation

May 2, 2005

Russia’s ratings upgrade has caused a surge of interest in corporate Eurobonds from investors hungry for yield. Ben Aris reports on activity in the country’s bond markets.
In the offices of Moscow City State Debt Committee, the body that organises all of the Russian capital’s debt issues, outsized cheques for hundreds of millions of dollars and euros hang on the wall – money that chairman Sergei Pakhomov has raised for the city.

Russians take the plunge

May 2, 2005

There has been an explosive rise in company flotations in Russia and plans are afoot to reform the market infrastructure to make IPOs easier. Ben Aris reports.

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