Latest articles from Central & Eastern Europe

Banks pile in to join Baltic boom

July 4, 2005

Ben Aris reports on the banking sector surge in Estonia, Latvia and Lithuania, spurred on by EU accession and foreign interest in the market.

Another chance to tap a promising market

July 4, 2005

A second round of consolidation and privatisation has begun in Romania’s banking sector, offering attractive propositions for growth. Matei Paun reports.

No let up in ambition

July 4, 2005

Raiffeisen International has been highly successful in entering new markets in central and eastern Europe and it now has plans for dramatic organic growth in Russia, CEO Herbert Stepic tells Stephen Timewell.

Banking on Russia 2005

July 4, 2005

Following a year of ups and downs in the Russian economy, The Banker’s conference on May 11 attracted a good crowd, interested in the latest developments, reports Gerry O’Kane.

Consumer lending

July 4, 2005

In recent years, there has been a rapid increase in consumer lending. At the same time, despite high average annual growth rates in this segment for the past three years (48%-50%), the market is set to expand further. The retail loans/GDP ratio is not more than 3% compared with 74% in the US, 52% in the EU and an average of 20% in the developing countries.

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. 

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