The best performing banking sectors in the region, which the Raiffeisen Research analysts have identified as high growth markets already in last year’s CEE Banking Sector Report, represent 80 per cent of the overall CEE banking market. This group of countries, namely Russia, Poland, the Czech Republic, Slovakia, Romania, Serbia and Albania, showed a very good performance also in 2011 and achieved an average credit growth of 14 per cent y-o-y (in euro-terms).
In contrast, the remaining countries, accounting for 20 per cent of the CEE banking market, showed a more modest performance in 2011, with an annual total loan growth that remained more or less flat.
According to the analysts, this divergent performance should persist for some time. Despite these developments, the corporate and mortgage loan growth remained at healthy levels even in those CEE banking markets that did not show a strong total loan growth in 2011. This performance underscores that both business segments are underpenetrated in nearly all CEE markets.