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Tuesday, August 15, 2006



"It is therefore unlikely that offshore production of standard IT services will become as important for CEE as is the case for India."

This depends upon the nature of the services that are required.

French legislation, for instance, is the most advanced in terms of the protection of personal data. No application that employs personal data will ever be "offshored" to India for handling.

Frankly, I think that the EU should adapt uniformly a law such as France's that protects personal information from prying eyes. Should such be the case, then a sizeable chunk of customer-based applications, often mission-critical, will never get to India. (And, this despite the fact that a number of French banks are opening software development offices in India.)

But, to the Near East (EU), yes, quite probably. The new-EU (ex-Eastern Block) country specialists are very adept at data mining techniques as well as sophisticated software development. They certainly have the talent and skills to replace more expensive Old Europe personnel. And, these countries, being in Euro area, will benefit from their particular comparative advantage of skills alloyed with lower cost. In IT, this is a poweful combination - if they can combine it also with a solid competence in English.

They will also, quite possibly, be better importers of EU traded goods and services (i.e., tourism) than India. That too is better for Europe.


The CEE Banking Market Is Growing Rapidly. Only In 2005 The Total Banking Assets In CEE-15 Countries (Russia, Ukraine, Belarus Excluded) Grew By 99 Billion EUR Or 22% Against 2004. Romania And Lithuania Were The Top Performing Banking Markets In CEE-15 With The Banking Assets Growth Exceeding 50%!

CEE Banks Are Highly Profitable - In 2005 Within The Top 200 Banks Sample The Average Return On Equity (ROAE) Was 16% And The Average Return On Assets (ROAA) Was 1,68%

The International Banking Groups As Unicredit, Erste, KBC Become Stronger On CEE Market. As Of 2005 The Share Of Top 10 International Banking Players On Combined CEE-15 Banking Market Exceeded 56%. The Major Player Unicredit Controlled Already Over 12% of Total Banking Assets In CEE-15


The report: Top 200 Banks In CEE - 2006 Edition is providing an overview of the most recent development on the CEE banking markets. Report is providing information on the top international players active on the market as of 2005. Finally it contains a league table of top 200 banks in CEE-15 sorted by their total asset value as of 2005 (unconsolidated figures)


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