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European bank market has overcome a threshold in 1 billion euro
11 September 2007The currency of all banks in Central and the East Europe has grown on 28 % and has made more than 1 billion euro. Serbia shows the promptest growth (51 %). The tendency of long-term growth is being kept. In analysts’ opinion, by the end of 2011 the main parameters of the market will be doubled. The highest rates of growth are observed in the CIS and the Southeast Europe countries.
In 2006 the bank markets of Central and the East Europe have continued prompt growth. After the record gain in 31,2 %, fixed in 2005, in 2006 the currency of balance of the bank markets of the Central and the East Europe countries has grown on 28 % and has made 1,087 billion euro (849 billion euro in 2005).
After the record established, in 2005, the given parameter is the second-largest parameter of an annual gain in the given region. Now nothing speaks about delay of growth in long-term prospect. The report on bank sector of the Central and East Europe countries contains the detailed analysis of 15 largest bank markets of the region. Speaking about regions, the bank markets of the CIS countries (Belarus, Russia and Ukraine) have grown on 41,7 %, while the markets of the East Europe - on 36,7 %, playing a role of the basic motive power in the process of growth. Growth in the bank markets of the Central Europe, taking the advanced positions in economic development, has made 15,8 %. Considering each country separately, it is possible to note, that dynamics of development of the bank market of Serbia (growth has made 51 %), Romania (growth has made 47 %), Ukraine and Russia, which bank markets are the largest ones in the region (growth of each market has made 42 %), and also Bulgaria and Belarus (growth of each market has made 28 %) has exceeded average euro indices. Slovakia has shown the least growth, and nevertheless it has made 10 %.
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