Banking in CESEE: Risk Provisions to Decline

Businessn.a. ♦ Published: September 20, 2013; 07:15 ♦ (Vindobona)

Analysts of Austrian Erste Group expect the Eurozone and the countries of Central and Eastern Europe to recover. The banking sector participates in the economic upwsing.

Banking in CESEE: Risk Provisions to Decline / Picture: © Erste Group / Helmut Lackner

Above all, the banking sector in Poland, in Slovakia and in the Czech Republic proves stable. In these countries, banks benefit from declining risk provisions, a growing net interest income and a strict cost discipline. This is the result of a report issued by Erste Group.

According to Erste Group´s analyst Günter Hohenberger, banks may expect lending to increase this year.…