webaddress
Weather Forecast
logo
Side logo

Regional News

Moody's fears bank risk on the brink in the Baltics

Monday, 16 May 2011
Moodys, the credit rating agency, feels that the challenges for banks in the Baltic States will, remain for the next 18 months of the future despite massive improvements already observed in the last year.
According to a recent analysis from Moody's Investors Service, it points to the likelihood of continued problems with domestic demand, depressed by high unemployment, government cutbacks and high debt in both the private and the public sectors.

The Baltic banking sector is dominated by the major Nordic banks, include Swedish and Danish banks.
By Scancomark.se Team




European countries in this section
Belgium
Czech Republic
France
Germany
Greece
Hungary
Ireland
Italy
Netherlands
Portugal
Spain
Britain


logo

Scandinavian Companies & Market Magazine ©2010, Granscole Establishment Sweden AB. Registered in Sweden as a Media Company Organisation Number: 556782-6572