Although Sberbank denied information that it plans to acquire a controlling stake in Yandex, Russian tech giant lost more than 20 per cent of capitalization on this news.
There are many structural and regulatory changes going on in the banking sector worldwide, including in Poland. The level of competition may decrease after the planned mergers are finalized.
The banking sector in Bosnia and Herzegovina (BiH) continually records an increase in assets. Last year, they increased by 8.2 per cent and amounted to EUR14.447bn.
The Financial Stability Board (FSB) has concluded its consultations on the strategy of financing banks in the resolution process. The document contains the FSB recommendations for the development of plans in the resolution...
The European Banking Authority has announced the launch of stress tests of the banking sector in the European Union. The exercise will involve 48 banks, including PKO BP and Pekao SA from Poland.
“Banks have to start taking new technologies seriously and realize that people need banking services and not banks,” says Brett King, a specialist in new technologies in banking.
A small, southeast European country – Montenegro has been awarded by the European Commission. Brussels has confirmed Montenegro’s first (though ex aequo with Serbia) position in the race for membership in the European Union.
Bankers and economists wonder what sort of a financial system Poland needs in order to support its economic growth. The most simple answer is: one that is stable, diversified, heterogeneous and competitive.
“The macro-prudential supervision tries to navigate between Scylla and Charybdis to prevent them from destroying the ship,” says Francesco Mazzaferro, Head of the European Systemic Risk Board Secretariat.
M&A deals in Central-Eastern Europe peaked in value in 2016 at EUR86.7bn, the highest level since 2013, according to the “Emerging Europe M&A report 2016/2017” by CMS in cooperation with EMIS.