Sweden - Southeast Europe News Site

Sweden - Southeast Europe News Site


to the news site of the Chamber of Commerce for Sweden - Southeast Europe in cooperation with Business Sweden and Governments and Organisations in SEE.

Banks in CEE outperform those in Eurozone

Regional info/economyPosted by Chambers of Commerce Sweden - Southeast Europe Thu, May 16, 2013 14:14:16

"In terms of growth and profit, the banking sector in Central and Eastern Europe (CEE) continues to outperform its Western European counterpart, as growth opportunities and margins in CEE remain significantly higher. New banking regulations in Europe and CEE will bring new challenges for the region," stated the analysts of Raiffeisen Bank International AG (RBI) and Raiffeisen Centrobank AG (RCB) in their latest edition of Raiffeisen Research's annual CEE Banking Sector Report titled "Commitment will be rewarded". The report was presented on the occasion of the annual meeting of the European Bank for Reconstruction and Development (EBRD) in Istanbul. Read more in the RBI report here.
Raiffeisen International was again Austria's most profitable bank this year and reported a consolidated profit of € 725 million for the financial year 2012.

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