Moody's fears bank risk on the brink in the BalticsMonday, 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