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Moody's: Down trends for CE4 banks
Banks in the four Central European economies of the CE4 countries - Czech Republic, Slovakia, Poland and Hungary - mostly entered the global economic and financial crisis in a better financial condition than their peers in the neighboring Baltic and CIS regions and thus the impact on them has been less severe, Moody's Investors Service said in a new report.
The CE4 banking systems inherited some pre-crisis weaknesses and the banks are expected to remain on a downward trend in 2010, Moody's said.
The CE4 banking systems are still constrained by maturity and currency mismatches that have been inherited from the pre-crisis period, the agency said. As a result, most banks have adopted highly defensive policies and prioritized asset/liability and capital management, Moody's said.
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