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In Eastern Europe, Western Banks Fuel Growth, Fears.

Authors :
Singer, Jason
Mollenkamp, Carrick
Galloni, Alessandra
Taylor, Edward
Kahn, Gabriel
McQuaid, David
Source :
Wall Street Journal - Eastern Edition. 10/5/2005, Vol. 246 Issue 70, pA1-A16. 2p. 1 Graph.
Publication Year :
2005

Abstract

Focuses on the economic conditions in Eastern Europe. Concerns about consumer credit in Eastern Europe as foreign banks invest in the region; Examples of foreign banks controlling a majority of the assets in Bulgaria's and Poland's banking system; Reasons behind the merger of UniCredito Italiano SpA and HVB Group, suggesting the merged bank wants to expand into Eastern Europe; Percentage increase in consumer loans in Bulgaria, noting that Eastern European banks were short of capital just a few years ago; Speculation about consumer credit undermining the economic growth in the region; Importance of the Eastern European economies for the European Union.

Details

Language :
English
ISSN :
00999660
Volume :
246
Issue :
70
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
18448478