The aggressive increase in residential and commercial real estate lending in the three Baltic states by Swedbank and SEB has left the two institutions painfully exposed to the market crash. Robert Anderson reports
Central & eastern Europe
Latest articles from Central & eastern Europe
Opportunity to reflect: Volatile Times
May 5, 2009The Lithuanian economy has skyrocketed during the past decade largely due to expansive borrowing. However the country's financing model requires some fine-tuning to help it through the global slowdown, reports Gitanas Kancerevycius.
Preparing for the rebound: Looking East
May 5, 2009Few markets in central and eastern Europe have escaped investor fears over excessive corporate debt. Equity offerings are on hold and refinancing conditions have rarely been tougher, but there are opportunities for banks that stay in the game, writes Philip Alexander.
Opportunities beyond the downturn: Looking East
May 5, 2009The banking sector across emerging Europe is varied, and although even its most dynamic economies are being impeded by the slowdown, forecasts suggest they have the growth potential to bounce back, reports UniCredit Group's global economics, fixed income and foreign exchange research team.
Intesa Sanpaolo invests in Eastern promise: Looking East
May 5, 2009Intesa Sanpaolo rose to prominence as Italy's largest bank after a series of domestic mergers and takeovers, and has improved its status further with a raft of selective acquisitions in central and eastern Europe, writes David Lane in Rome.
Keeping faith with convergence: Looking East
May 5, 2009The share prices of leading Italian banks were buffeted in early 2009 as investors anticipated damage to asset quality from their high exposure to emerging Europe. But senior managers say the region is still at the heart of their strategy, writes Philip Alexander.
Robust and ready
May 5, 2009The global recession is nothing new to Turkey's bankers, who have learnt the lessons of the country's economic crisis of 2001 and are showing great resilience as their global peers falter. Writer Metin Demirsar
Who's afraid of the IMF?
May 5, 2009
The full force of the global recession has hit Turkey with falls in exports leading to job cuts. Bankers say an IMF deal would help but the government is reluctant. Writer Metin Demirsar
Recep Tayyip Erdogan, prime minister of Turkey
A Czech cure for the credit crunch
April 7, 2009The Czech Republic will not be immune from the slowing global economy but Ceska sporitelna starts from a position of strong risk management and ample liquidity, says CEO Gernot Mittendorfer. Writer Philip Alexander
Keeping funds to regions flowing
April 7, 2009As Russia's less developed regional banks are hit hard by the liquidity crisis, the chairman of Bank Center-Invest outlines his response. Writer Philip Alexander