Opportunities and Threats in Central and Eastern European Banking

Introduction

Before the financial crisis, the retail banking market in Central and Eastern Europe had been undergoing a rapid transformation, as banks developed new products, services and channels. The sudden upheaval in the markets has shifted their priorities, and this will modify both short-term and long-term IT strategies and IT investment priorities.

Scope

• Central and Eastern Europe is defined as the former socialist countries, or socialist republics in Europe that have decided not to join the CIS
• This report covers the banking sector that has evolved from the socialist banking system

Highlights

In 2009 many banks targeted branch development and invested in product originations functions. In 2010, however, while banks focus on increased efficiency, there is an increased interest in leveraging more cost-efficient channels as well as existing customer relationships.

As the overall landscape is quite diversified, technology spending is spread across the CEE market. The Polish IT market accounts for around one-third of the analyzed geographic region. Romania is also a relatively sizable market and is expected to develop at faster rate than its peers in the CEE region.

Reasons to Purchase

• This research will enable to you to understand changes in IT budgets and how they could impact your customers
• This research will enable you to understand how evolving business pains will result in demand for specific solutions