Emerging Europe: Special focus

Emerging Europe: Special focus

Exploring the banking and capital-market landscape

Digital banking: Special focus

Digital banking: Special focus

Big data, analytics and technology

Central & eastern Europe


The Austrian powerhouses continue to make considerable investments in the region. Salomon Smith Barney is the most successful M&A house. Simon Brady, David Shirreff


Bulgaria
Best domestic bank: Bulbank
Best foreign bank: Raiffeisenbank Bulgaria
Best domestic securities house: Bulbank
Best foreign securities house: Raiffeisenbank Bulgaria
Best foreign M&A house: CA IB Investmentbank
Bulbank is Bulgaria's largest commercial bank, with a 27% share of the assets of the banking system. It also accounts for around 50% of banking profits. During 1999 the bank continued to expand, achieving a return on assets of 3.2% compared with 2.3% in 1998. Its return on equity improved to 15.6% from 12.4%.
Its BIS capital adequacy ratio is a high 43% but that is mostly because its government-risk assets are weighted at zero and its deposits with international banks at 20%. During the year Bulbank grew its loan portfolio by 76% but this represented an increase of only 10% in its total assets.

The volatility of the bank's portfolio became evident in 1998...


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Final days of Ricardo Salgado and Banco Espírito Santo

Euromoney Pulse Survey: Renminbi’s internationalization continues apace
When BES collapsed earlier this year, markets briefly feared a return of the crisis to Portugal and to Europe. Even after the bank's bailout, investigators still pore over bank documents, transfers and deals, trying to make sense of Salgado’s last days battling to keep his empire afloat. The backstory is of an extraordinary decades-long rivalry between the country's two pre-eminent business families.