A decade of work on reinforcing capital bases, managing bad debts, improving risk management processes and investment in technology paid off for the big regional banking groups in central and eastern Europe (CEE) during the first 12 months of the pandemic.
Proactive provisioning inevitably took a toll on profitability last year, but operating income remained robust, asset quality was largely stable and the switch to remote banking and home office working was achieved seamlessly.
Thanks for your interest in Euromoney!
To unlock this article:
