Analysis of the operating environment and general state of the banking system in 2010
Despite
the gradual improvements in some sectors of the economy, high liquidity in the banking
sector, a stable exchange rate and monetary policy in recent years, the operating
environment remains challenging, which may be explained by controversial decisions of
judicial and regulatory bodies with respect to foreign currency loans, premature
execution of certain obligations, as well as other aspects of banks' cooperation with
their customers. The latter can stimulate the process of consolidation in the financial
market, including through the intensification of negotiations on the change of owners of
individual institutions with foreign capital. Major future changes in the banking sector
will primarily concern the operating environment.