The banking sector in emerging Europe is likely to experience an outright fall in total assets this year, according to a report issued last month.
The biggest decline will be in the CIS countries, whose banking systems were more badly hit by the financial crisis than those in Central Europe because of a much higher dependence on wholesale funding, adds the report by RZB.
The expected shrinkage in bank assets this year compares with a growth of 25% in euro terms in 2008, although that amounted to a fall of 31% on 2007.
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