Emerging Europe
LATEST ARTICLES
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Deutsche joins list of sellers; public-sector buyers in driving seat.
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Of all the cities lining up to poach London’s business post-Brexit, Vilnius might seem the most unlikely. Yet the Lithuanian capital has much to offer financial firms, from liveability and local talent to cutting-edge fintech regulation. Euromoney visits a small city with big ambitions.
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Sale of Poland’s Allegro sets regional record; local currency liquidity adds comfort for global buyers.
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Eurobonds back after three-month post-coup shutdown; October supply tops $3.5 billion.
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Russia’s leading investment bank has seen its fortunes fluctuate over the past two years. Alexei Yakovitsky, VTB Capital’s chief executive, talks to Euromoney about Brexit, Africa and state ownership and explains why sanctions have proved more of a blessing than a curse.
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Euromoney Country RiskAlthough the CIS is learning to adjust to low oil prices, the recovery is slow, the political risks complex, and with fiscal deficits widening living standards are failing to keep pace with other emerging markets.
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Euromoney Country RiskThe country is gradually improving its position in the ECR rankings – unlike several of its neighbours.
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Matrix Capital to offer fund management, advisory; ‘perfect fit’ for global banks in era of Russia pullback.
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Banking sector concentration, rather than proliferation, is the lesser of two evils.
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Collapsing investment banking volumes have prompted global players to pull back from emerging Europe over the past two years. But Citi’s Jim Cowles, CEO for EMEA, has alternative sources of revenue to fall back on.
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Banks’ sovereign coverage models in the spotlight; consistency is key, say market leaders.
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The world’s richest nations need to lead the way on transparency. The UK should be embarrassed that it hasn’t, especially when it comes to money laundering in eastern Europe.
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Euromoney Country RiskThe decision to reassign Hungary’s investment grade will bring delight to Budapest, bringing the sovereign borrower correctly in line with Romania, but S&P needs to take note – Euromoney’s country risk survey is shining the spotlight on another country that is closely aligned.
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Euromoney Country RiskContinuing engagement with the IMF is a positive sign, but it’s a long way back as the economic, political and security risks are still sky-high.
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Its banking sector has earned an unenviable reputation thanks to the growth of financial institutions serving non-residents – principally from Russia. Regulators are now, finally, cleaning house. But the challenge for local banks remains: how to make money in a small, over-banked domestic market.
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From Moldova to Mongolia, the European Bank for Reconstruction and Development has earned a reputation for going where other institutions fear to tread. Now it is putting its balance sheet to work plugging holes in banks’ capital bases.
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Euromoney Country RiskPoland’s declining risk score trend in Euromoney’s survey signals the rating agency is lagging experts in the field.
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US investors shun Russian privatization; global banks not required, say locals.
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Tomas Spurny has headed some of the biggest banks in emerging Europe. Now he has the task of transforming Czech consumer lender Moneta Money Bank into a digital leader. He talks about technology, regional risk and the joys of returning to Prague.
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Country-by-country assessments of Europe’s banking sector show that risks are at new highs, as the financial services industry struggles to cope with the aftershocks of the 2007/08 crisis. Resolving the Italian bank crisis is key to how it will all pan out.
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Hakan Binbasgil has built Akbank into one of the most impressive financial institutions in the emerging markets. Can he keep the bank on track?
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Euromoney has decided on the best banks in Emerging Europe. But let’s also consider some editorial awards – for the good and the bad – that the strict criteria of the Awards for Excellence did not allow for
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Euromoney Country RiskThe borrower’s prospects are still failing to improve, despite decent GDP growth, as political and structural concerns preoccupy the risk experts.
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The rouble has enjoyed a strong start to the year, shrugging off underlying weakness in the Russian economy, leading the CBR to hike rates by 50 basis points on Friday.
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The old pan-regional banking model is under threat but that presents opportunities for new champions to emerge.
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Euromoney Country RiskFour months after a new coalition was formed, the economy is brightening, but Croatia remains mired in a political crisis weighing on its country risk rating.
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‘Cumbersome’ lender may struggle for demand; Apollo targets 25% market share for NKBM.
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Naci Agbal spent most of his career as a technocrat at the Turkish ministry of finance. Euromoney spoke to Agbal about his new role as finance minister when the world around him seems to be falling apart.
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In the great debate on banking union, the smaller markets of emerging Europe are often overlooked. Yet, with banking sectors dominated by eurozone groups, they are uniquely vulnerable to changing regulatory regimes.
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IPO follows strategic sale of Polish unit; strong investor demand for CEE, say bankers.
SPONSORED
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Sponsored by ERSTEIn a post-Covid world, competitiveness will be more important than ever. The heads of Erste Group, the European Bank for Reconstruction and Development (EBRD), and leading regional private equity firm Mid Europa Partners discussed how Central and Eastern Europe can take advantage of a changing global environment in a post-Covid world.
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Erste Private Bank’s chief investment office (CIO) has delivered robust performance to private banking clients in Central and Eastern Europe, anchored by proactive positioning amid shifting macroeconomic conditions.
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Karman Beyond, Turkey’s first independent multi-family office, has achieved significant milestones in redefining wealth management for wealthy and ultra-wealthy families.
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Over the review period, OTP Private Banking established itself as a leader in digital innovation, consistently pioneering new solutions that enhance the private banking experience for clients. OTP Private Banking operates across nine countries, boasting a dominant market position in Bulgaria, Hungary, Montenegro and Serbia, and maintaining a significant footprint in Albania, Croatia, Moldova, Slovenia and Ukraine. Its commitment to digital transformation sets it apart in the region, ensuring clients receive powerful, efficient and highly personalised wealth management services.
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In a year defined by dynamic progress and forward-thinking strategies, UniCredit delivered impressive growth figures, complemented with tangible progress in client service and innovation.
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İsbank has significantly expanded its private banking capabilities by leveraging both physical branch transformations and digital innovation, thereby enhancing customer engagement and fuelling asset growth.
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Tatra banka’s win as the Slovak Republic’s best private bank was grounded in its extensive suite of banking services, excelling most notably in the areas of digitisation and sustainability.
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With a 31% share of the Czech market, CSOB Private Banking experienced client growth of 8% and a 32% rise in net new assets in 2024.
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Raiffeisen Private Banking excels as a one-stop shop for asset allocation and wealth management in Croatia.
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Guided by regional expertise and a coherent strategy, OTP Private Banking has built a far-reaching private banking network that emphasises comprehensive advisory solutions, streamlined operations and strong client rapport.
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UniCredit has achieved impressive growth in the high-net-worth (HNW) segment, outpacing domestic competitors in key markets while leveraging its expertise, market adaptability and exclusive financial services to deliver strategic wealth management.
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Ensuring stability and barrier-free access to remote banking services in Ukraine, Oschadbank has achieved strong financial performance and significant growth in its high net-worth (HNW) segment.
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Banca Comerciala Romana showed impressive growth over the review period, driven by its strong product offering.
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Offering a wide range of attractive investment opportunities across its distinct departments, TBC Bank saw strong financial growth during the period under review.
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OTP Private Banking Hungary saw impressive growth during the review period, largely driven by the development of the largest domestic ETF in Hungary.
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In a year marked by growth in client assets, expanded investment offerings and enhancements to digital banking services, Raiffeisen Private Banking stood out from its competitors in the Czech high net-worth space.
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Raiffeisen Private Banking experienced significant financial growth over the review period, driven by enhancements to its product offering.
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UniCredit Bulbank demonstrated strong financial performance and made notable enhancements to its product offering over the review period.
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Leveraging innovative digital services to connect with its clients, mBank achieved a significant increase in assets under management during the review period, with new inflows exceeding PLN1 billion ($258 million).
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