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Latest Central & Eastern Europe Banking News

  • Agricultural NPAs high at SBI 21 May 2008 20:53 GMT
    ... India’s largest lender, State Bank of India, has ... of the lower valuations that public sector banks get. Data with the Reserve Bank of ... up 22%, driven by growth in India, Romania and Commonwealth of Independent States. However, the ...

  • UPDATE 1-Soros says market rebound a bear-market rally 21 May 2008 19:48 GMT
    ... LONDON, May 21 (Reuters) - Billionaire hedge fund ... 5,500 in March to around 6,200 currently. Hungarian-born Soros, famous for a speculative attack on the Bank of England that made him more than ...

  • Warren Buffett Bargain Hunting in Germany 21 May 2008 17:34 GMT
    ... Investors have been watching Berkshire Hathaway Inc. ( ... German companies have a healthy position in Eastern Europe, too, where economic growth has been rapid and ... German companies have substantial manufacturing operations in central Europe, which has become a haven of German-style ...

  • Money Continues To Flow Into Emerging Markets, Report Finds 21 May 2008 17:34 GMT
    ... Money Continues To Flow Into Emerging Markets, Report Finds ... Emerging Markets, Report Finds Inflows of external finance to emerging markets rose again in 2006 ... such external finance, followed by central and Eastern Europe, Latin America and the Middle East. ...

  • 'Forward-thinking' developments 21 May 2008 17:33 GMT
    ... Michael Development's Rezidence Belárie Modřany is an example ... Interestingly, Michael Development approached the world of Czech residential real estate in a roundabout way. Bypassing ... It depends on what types of mortgages banks will be offering at that time. They ...

  • Market turmoil deflates pensions 21 May 2008 17:33 GMT
    ... Results still strong in face of global subprime ... the Association of Pension Funds in the Czech Republic (APFÄŒR), a lobbying group that represents the ... other pension funds,” he added. While domestic banks and other financial service companies have been ...

  • AP Editorial Roundup 21 May 2008 17:32 GMT
    ... Excerpts from recent editorials in newspapers in the ... hope lawmakers will stand up to the banking lobby for the financial welfare of credit ... the Net: --- May 20 Diena, Riga, Latvia, on governments and natural disasters: Even China's communist leaders ...

  • 38 Phishers Indicted in Trans-Atlantic Dragnet 21 May 2008 17:28 GMT
    ... . The U.S. government announced Monday the indictment of 38 ... a protected computer, bank fraud, and , Romanian scammers sent phishing emails to millions of ... large amounts of money, usually equal to banks' allowed maximums - with a portion sent ...

  • Volatility and vertical integration 21 May 2008 16:42 GMT
    ... become apparent as currency volatility, and tougher credit conditions begin to bite at suppliers. After ... in 2005. Similarly, if your lowest cost Estonian manufacturer of windscreen wipers struggles to refinance, ... it outright and take production back in-house. Banks have already been forced to bring contingent commitments ...

  • German business confidence index jumps in May: Ifo 21 May 2008 13:00 GMT
    ... Klein at Global Insight said the Ifo numbers underline ... of ongoing job creation and higher wages." UniCredit economist Alexander Koch warned however that "the ... at Bank of America, "bouyant demand from eastern Europe, east Asia and the oil countries is ...

  • Polish Ministry of Defense Deploys Savi's Wireless Supply Chain Network Solution 21 May 2008 12:58 GMT
    ... Polish Ministry of Defense Deploys Savi's Wireless Supply Chain ... depots, bases, airfields and other military installations." "Poland has an important role in NATO to support peace keeping ... Tags: Aerospace and defense, Computers, Electronics, Software, Banking and Finance, High Tech, california Polish Ministry ...

  • 38 people arrested in phishing ring that targeted CUs, banks 21 May 2008 12:16 GMT
    ... 38 people arrested in phishing ring that targeted CUs, banks WASHINGTON (5/21/08)--The U.S. Department of Justice charged ... charged 38 people in the U.S. and Romania in two separate indictments involving computer and ...

  • Vattenfall helps Ukraine industry save energy 21 May 2008 12:06 GMT
    ... Vattenfall helps Ukraine industry save energy 2008-05-17 16:30 Press releases ... as overall project manager. The participating Ukrainian banks are Kreditprombank, Ukreximbank and Bank Forum. So ...

  • Interim Management Statement for nine months ended... 21 May 2008 12:06 GMT
    ... Interim Management Statement for nine months ended 30 ... Canada, Ireland, Italy, The Netherlands, Switzerland, Austria, Czech Republic, Hungary, Belgium, Luxembourg, Denmark, Sweden, Finland, ... Luxembourg, Denmark, Sweden, Finland, Norway, Slovak Republic, Poland, Romania, San Marino, Panama, Puerto Rico, Trinidad ...

  • Phishing gang smashed by Romanian and US authorities 21 May 2008 11:58 GMT
    ... and Romania have arrested and charged 38 people suspected of running ... were tricked into entering their passwords and banking details. According to the US Department of ...

  • International phishing crime ring dismantled in USA and Romania 21 May 2008 11:19 GMT
    ... International phishing crime ring dismantled in USA and Romania Authorities in the USA and Romania have charged ... were tricked into entering their passwords and banking details. According to the US Department of ...

  • BOE Minutes Confirm Inflation, Slowing Growth 21 May 2008 11:08 GMT
    ... In the newspapers, according to the Wall Street Journal, an ... of its liquefied petroleum gas assets in Poland to Barter. Financial terms were not disclosed. ... could be a good 2% in 2008. The Bank of England minutes showed that the MPC ...

  • Brits risk card fraud with slack security 21 May 2008 10:59 GMT
    ... Brits risk card fraud with slack security Around half ... Brits are leaving themselves wide open to credit card and bank account fraud due to ... cash in countries across Europe, including Italy, Romania and Spain, between the end of April and ...

  • SEB picks up regional gong... 21 May 2008 10:59 GMT
    ... SEB, one of the Baltic's major banking presences, has ... has been named number one bank for Latvia and Lithuania in the category "World's Best Emerging Market ...

  • ABBEY LEADS THE WAY IN FIRST SPAMMERS INDEX 21 May 2008 10:38 GMT
    ... ABBEY LEADS THE WAY IN FIRST SPAMMERS INDEX Submitted ... by email fraudsters when targeting the personal finance industry; Abbey had previously only received 6% ... = 3.68% 6. Spain = 3.46% 7. Poland = 3.29% 8. Germany = 3.25% 9. ...

  • Summer holidays needn't Costa lot 21 May 2008 09:56 GMT
    ... The credit crunch may be forcing families to cut ... costings just 70p, compared to £2 in Bulgaria and a whopping £3.50 in Greece. Spain, ...

  • Oil-rich Russia ready to take off 21 May 2008 09:23 GMT
    ... In the bar Chelsea golden boys Andrei Shevchenko and Michael ... journey from the old Soviet empire of Eastern Europe to Prime Minister Vladamir Putin's mother ... wealth fund – now has £75bn in the bank, up from £45bn from the start of ...

  • Experian warns of crisis for consumers 21 May 2008 09:23 GMT
    ... Find out which stories have been pulling in the ... started as a major headache for investment banks and other financial services firms on Wall ... boosted by business across Asia and in eastern Europe. Organic revenue growth was 4%. Despite ...

  • Beware 'phishing' bait 21 May 2008 09:00 GMT
    ... Most of us know to simply delete the junk ... getting you to reveal your financial and banking information, and it's a big, international business. ... these schemes are called, was based in Romania, but the Justice Department said it also operated from ...

  • EBRD/World Bank urge policy steps to boost investments in Ukraine's agriculture 21 May 2008 07:18 GMT
    ... The FINANCIAL -- The EBRD and the World Bank ... Paul Bermingham, World Bank Country Director for Belarus, Moldova and . “The World Bank is ready ...


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