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SURVEY: The dominant state of Russian banking
bne
Tue, 29th Nov --
Given the tumultuous change taking place in the global financial system, it's perhaps surprising how little appears to have changed in this year's bne Eurasian bank survey. Look closer, though, and big shifts are underway.
The hunted become the hunters
Guy Norton in Zagreb
Thu, 24th Nov --
Given the topsy-turvy times we live in, it was inevitable there would be a reordering of the ranks in the financial services sector in CEE. The result is that Russia and other emerging markets are now as likely to be buyers of banks as sellers; or put another way, the one-time hunted are now the hunters.
Ukraine's banking disaster in the making
Ben Aris in Kyiv
Tue, 22nd Nov --
In 2005, Austria's Raiffeisen International started a gold rush with its purchase of leading Ukrainian bank Aval. Over the next 18 months, everyone who was anyone with Eastern European ambitions charged into the market, paying amounts of up to 6x book value for local banks. Married in haste, they now repent at leisure.
Kazakhstan's bad apple in banking barrel
Clare Nuttall in Almaty
Tue, 29th Nov --
Kazakhstan€™s banking sector is in much better shape than three years ago and has proved remarkably resilient to the Eurozone crisis. The glaring exception is BTA Bank, whose latest results raise fears about the bank€™s future survival.
INTERVIEW: VTB's transformation
Ben Aris in Moscow
Tue, 29th Nov --
Russia's second biggest banking group VTB Group is on the march and is halfway to transforming itself into Russia's first true multinational financial services company.
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