Latest articles from Central & Eastern Europe

Russian banks are reacting to growing consumerism

March 7, 2005

Though such thinking is indicative of the attention bank executives are paying to their core businesses, steps are being taken that will change the playing field. Though it appears as bordering on counter-intuitive, most mid-sized banks are making a sustained push to drive up retail customer numbers as a means of cashing in on the country’s rising tide of consumerism.

Local knowledge goes a long way

March 7, 2005

Government intervention in the Russian energy sector is providing an unexpected fillip to local investment banks offering mergers and acquisitions advisory services. 

The middle way

March 7, 2005

Reform is altering Russia’s banking landscape and, by leveraging innovation, entrepreneurship and product development capability, Russia’s mid-sized banks appear well-armed to profit from change.

From ‘small and risky’ to a target for partnership

March 7, 2005

Kazakhstan’s spectacular financial boom is beginning to attract the attention of European banks, reports Christopher Pala from Almaty.
European banks have long perceived Kazakhstan, the largest after Russia of the former Soviet republics, as “too far, too small, too risky”. Five times the size of France with its economic capital, Almaty, close to the Chinese border and as far from Paris as Paris is from New York, Kazakhstan’s population is only 15 million: a small market spread over a huge area, ruled by an authoritarian president unwilling to make the transition to democracy.

Intesa extends its CEE network with Serbian acquisition

March 7, 2005

Delta Banka, Serbia’s second largest bank by assets, has been acquired by Banca Intesa, Italy’s biggest bank. The deal will see Intesa acquire either 75% plus one share or, under certain circumstances, 100% of the voting share capital of Delta Banka. It is expected to close early in the second quarter of 2005 subject to approval by the regulatory authorities in each country.

Piotr Kaminski

February 2, 2005

board member, PKO BP
If Piotr Kaminski’s previous stints at Poland’s securities watchdog (KPWiG) and the Warsaw Stock Exchange (WSE) are anything to go by, the 36-year-old board member of Poland’s mammoth savings bank, PKO BP, is a clear favourite to succeed close colleague Andrzej Podsiadlo as the bank’s next chief executive.

New government makes ambitious reform plan

February 2, 2005

Bank privatisations and stock market listings are on the new government’s financial reform programme as it strengthens its bid for EU accession. Matei Paun reports from Bucharest.

Andrey Suchkov

February 2, 2005

vice-president, Vneshtorgbank
Andrey Suchkov is the head of Vneshtorgbank’s mortgage and consumer credit division and has a good claim to the title “father of Russian mortgages”.
Mortgages have just come of age in Russia and the business of lending money to people to buy their own home is expected to grow from the current $1bn to somewhere over $100bn by the end of the decade.

Finance Minister Global & Europe

January 3, 2005

Alexei Kudrin, Finance Minister, Russia

Russia declares 2005 the ‘year of transparency’

January 3, 2005

Russia’s finance minister Alexei Kudrin (right) welcomed the country’s forthcoming adoption of international accounting standards at The Banker’s Top 50 Russian Banks presentation recently, as Stephen Timewell reports from Moscow.

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