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East Asian Economic Review Vol. 3, No. 4, 1999. pp. 201-239.

DOI https://dx.doi.org/10.11644/KIEP.JEAI.1999.3.4.57

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Developments and Problems of the Banking Systems in Central Europe

Author

Jeong Cheol Han

Creative Commons Attribution License

EAER is an open access journal distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license.

Abstract

After 10 years of transition in Central and Eastern European Economies, restructuring and privatization have strengthened the banking system in Hungary and Poland more than that in the Czech Republic. The three banking systems continued to receive sizable foreign capital inflows, but exposures to Russia uncovered the fragilities for the largely state-owned Czech banks and have prompted the authorities to re-launch the bank privatization process. Capital inflows supported strong loan growth in Hungary and Poland, while competition has led to declining profits and a search for higher yields through lending to the small and medium-sized corporate and consumer segments. This three countries have strengthened their regulatory and supervisory frameworks, but significant challenge remain as they face the prospect of full capital account liberalization and contemplate joining the EU.

JEL classification: F43. O52

Keywords

Eastern Europe, Central Europe, Banking System

Language

Korean

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