In the Southeast Europe (SEE) banking has changed significantly. Before 2008 crisis the largest growth of assets was in housing loans, today the growth is noticeable, first of all, in the non-purpose cash loans.
The data from the annual financial statements of the entrepreneurs reveal an extremely interesting dynamics in the structure of the Croatian corporate sector. But the changes are still located at the bottom of the corporate pyramid.
The European Commission approved a Slovenian proposal for the sale of Nova Ljubljanska Banka (NLB), which stipulates that by the end of this year the state will sell at least 50 per cent of the stake in the bank.
Since the beginning of July, the citizens of the Russian Federation are able to receive any banking services remotely upon submission of their biometric data, which will be stored in the Unified Biometrics System.
The banking sector of Belarus, already shaken by the US sanctions that affect the local subsidiaries of Russian leading state-owned lenders, will face further problems if the US administration adopts new restrictions against Russia's richest businessmen.
The Financial Stability Report prepared by Poland’s central bank, NBP, indicates that the Polish financial system is stable and that the level of risk has not changed significantly since the publication of the previous report.
The Financial Stability Board believes that the development of artificial intelligence in finance will increase efficiency in the financial system, but it may lead to the creation of a serious risk for financial stability.