CEE has had to work through an external demand and credit shock but industry is showng signs of bottoming. The region has also adjusted to funding new credit extension with deposits, albeit with some important exceptions. Full year growth numbers this year will be unimpressive in many cases but Q4 last year should have marked the bottom in the cycle. Slovenia, Croatia and Hungary continue to lag on growth. Read all about it in the 80 page report covering 17 countries, which you can download in our Business Forum here.