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The Warsaw Voice » Business » September 30, 2011
Business & Economy
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Poland Tops CEE Banking Statistics
September 30, 2011   
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Thirty-three of the 200 largest banks operating in Central and Eastern Europe are from Poland, according to a report by the Interlace Research company. The Czech Republic comes in second, with 24 banking institutions in the top 200, followed by Hungary with 22.

Poland also tops the statistics when it comes to the value of bank assets. Last year, these were worth 292 billion euros, ahead of the Czech Republic, which had 173 billion and Hungary, with 121 billion euros.

The Interlace Research report reveals considerable differences in how efficiently banking institutions in the region have been dealing with the effects of the crisis that started in 2008 and the turbulent situation on the market more recently. Banks in Macedonia have been the fastest in increasing their assets, which grew 11 percent between 2009 and 2010, although these are worth a mere 6 billion euros. The value of bank assets in Serbia, in turn, rose 10 percent to 24 billion euros between 2009 and 2010. In terms of growth rate, Poland comes in third at 8 percent, followed by the Czech Republic at just over 7 percent.

In Albania, Slovenia and Hungary the value of bank assets rose slowly, between 0 and 5 percent.

The value of bank assets fell in Latvia, Lithuania and Slovakia, dropping the fastest in Estonia, 6 percent.
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