Following some of the harshest sanctions ever imposed on a country, Russia could face a banking crisis within a year as its economy braces for the worst contraction in nearly three decades.
Central & eastern Europe
Latest articles from Central & eastern Europe
New Russian sanctions present tricky issues for borrowers and issuers
March 30, 2022How borrowers and issuers can navigate the exposure risk to recently sanctioned creditors is a difficult question to answer.
International banks feel the pain from Russian sanctions
March 25, 2022How can banks learn from this experience to be better prepared for future geopolitical conflicts?
Italian and French banks most exposed to Russia
March 15, 2022Italian and French banks carry the greatest risks to their financial prospects among foreign lenders operating in Russia, according to the latest statistics from BIS.
Russian corporate debt under pressure from sanctions
March 8, 2022Large volumes of debt from Russian borrowers are at risk of being pushed into junk status.
Swift ban won't seriously impact Russian banks
March 1, 2022Removal of Russian banks from Swift will not cause serious disruptions to the country’s lenders.
Headwinds lie in wait for Polish economy
February 28, 2022Poland’s robust growth in 2021 is expected to continue in 2022. However, the economy is not immune to emerging challenges, including inflation, geopolitical tensions and raising interest rates.
Cyprus on track for strong economic recovery
February 28, 2022The country has recouped the lost growth from the peak of the pandemic and is set for a sustained period of growth.
Poland’s banks pursue a bright future
February 28, 2022The country’s leading lenders possess robust balance sheets, as well as ambitious plans to cut costs and further digitise their operations.
AI on the Danube
February 24, 2022Péter Csányi, deputy CEO, head of the digital division at OTP Group, is making sure the bank's new supercomputer speaks Hungarian.