What is the point of owning small banks in obscure markets? It’s a question western banking groups have been asking themselves ever since the financial crisis finally called time on a decade-long dash for assets across central and eastern Europe.
Unsurprisingly, they all came to the same conclusion. Time and again over the last 10 years, the heads of western groups have told Euromoney that in a diverse and developing region, where few countries can boast a population of more than 10 million, scale is a necessity.
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