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In Eastern Europe, Western Banks Fuel Growth, Fears.
- 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