The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Surveys

Best managed companies in Central and Eastern Europe 2010: Good governance leads to funding advantage

Garanti’s first place in the CEE companies poll for the second successive year is reflected in its high standing in the capital markets. Other top contenders are similarly favoured. Guy Norton reports.

A TELLING FACT from this year’s Euromoney best-managed central and eastern European companies poll is that virtue does seem to bring its own reward in financial terms for many of the winners. Right from overall winner Garanti Bankasi down to the country categories, the winners are generally conspicuous for having already enjoyed, or being poised to enjoy, success in the international capital markets as a result of their management prowess.

Pick of the bunch Garanti, for example, is sounding out the main players in the syndicated loan market in search of a new facility to replace an $815 million loan that came due in March, as a result of its successful weathering of the global credit crunch and the subsequent economic slowdown. Garanti is the doyen of the top-four Turkish banks and is likely to see the pricing on its latest loan pushed down to 150 basis points all-in, from 250bp or more a year earlier. Should it return later in the year Garanti would be a prime candidate to push down benchmark pricing for Turkish risk to a new post-crisis low of 125bp all-in or even less.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree