Contributing Member of the Financial & Business Services Councils

GLG News by this Author

Customers needs are the same allover E.U.

September 23, 2009

Analysis of:Lending in Europe continues to shrink | www.ft.com

No one could force customers directly, yet good marketing skills and appropriate risk management is always working. Also the rule garbage in garbage out is still the king.

Euro German banking system 2009

September 23, 2009

Analysis of:German Banks Cash in on the Crisis | www.businessweek.com

There is no need to show too much problems in EU banking system especially when elections will soon take place. On the other hand, the opposition always tries to reveal problems.The solution would be to do a check on a case by case basis.

Downgrading Banks with Eastern European Exposure

February 19, 2009

Analysis of:Banks Face Downgrades on Eastern European Losses, Moody’s Says | www.bloomberg.com

Even though CEE countries differ greatly in terms of deficit, governance system, ability to manage crisis and affinity for particular Western countries’ investment, we should not be taken by surprise by this downgrade.   Eventually, why should not these "watchdogs" do their job? Major implications: -share prices of these banks are going to plummet following the downgrade, but their risk exposure and strategy differs greatly from bank to bank; -buy bank shares of risk adverse banks despite their exposure to these markets (market recovery differs though); -do not treat the whole block of CEE as one - place your investment also based on country's forecasted growth and ability to recover.  

Investment Shift From Russia Towards SEE and CEE?

September 12, 2008

Analysis of:Credit Suisse sees opportunities in market crisis | www.reuters.com

Banks are already focusing on high net worth individuals, sovereign wealth plans (either commodity or export based), revised property derivatives and top performing industries rather than small businesses. Anyway, banks have to meet their targets, despite this increase in foreclosures. So, they must find the “right customers” as well as the “right deals”, make or show things simpler and cooperate with legal firms more closely.   At geopolitical level, in terms of market expansion, many banks are also reconsidering their mergers and acquisition activity on the emerging markets, especially the Russian market and refocused on other unexhausted SEE and CEE markets. However, as many financial institutions follow their customers, we may not see too many retreats from Russia, and perhaps more investment further east, maybe even Iran?

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