CEE Banking Sector Report: Still More Credit Losses in the East

Published: September 21, 2010; 14:55 · (Vindobona)

The number of bad loans is expected to increase considerably in some Eastern European countries, a Raiffeisen-analysis shows.

CEE Banking Sector Report: Still More Credit Losses in the East / Picture: © Raiffeisen Bank International

The recession year 2009 was no picnic for the banks in Central and Eastern Europe: rising unemployment and strong exchange rate fluctuations were the main cause for the soaring number of loan defaults.

The peak of this development has not yet been reached in some countries, according to most bank managers, it is said in the current Raiffeisein "CEE Banking Sector Report",…

This article includes a total of 396 words.

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