World’s Best Banks 2022: Central And Eastern Europe


In a world of uncertainty, banks look to the future.

It’s been a challenging time for banks across the globe–and for Central and Eastern Europe in particular. As much of the world economy was just emerging from the throes of the Covid-19, banks faced a difficult lending environment due to low interest rates while dealing with increased pressure on their margins.

Just as normality seemed to be returning in the new year, armed conflict ended what had been the longest period of peace between major European powers in more than 2,000 years. The Russia-Ukraine war that started in late February has upended the economy of the region, paralyzed supply chains, created an unprecedented refugee crisis and raised the specter of a broader European conflict. As a result, Global Finance cannot give a Best…

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