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.
Banking

CEE banks shape up for Covid-19 battle

Economies and banking sectors in emerging Europe have gone into the coronavirus crisis in good shape. But will they be able to navigate the political fallout from the expected downturn?

fight-coronavirus_780



There is no such thing as a good time for a pandemic. Nevertheless, it is fair to say that much of emerging Europe is better prepared to deal with a crisis today than at any time since the fall of the Berlin Wall.

A decade of increasingly strong economic growth, falling debt-to-GDP ratios and rapid local capital markets development has left most governments in central and eastern Europe with both the fiscal space and the borrowing capacity to mount a robust response to a local and global downturn.

Moreover, not only did many CEE countries go into the crisis in much better shape financially than their counterparts in Western Europe, they were also quicker to respond to the threat from Covid-19.

The Czech Republic, Poland, Hungary and even Ukraine implemented early and effective lockdowns, in many cases before the first local deaths from the virus. As a result, several have already been able to ease restrictions.




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