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The Banking of Western Balkan in View of the Latest Financial Crises

BaşlıkThe Banking of Western Balkan in View of the Latest Financial Crises
Publication TypeConference Proceedings
Year of Publication2012
AuthorsGanić, M
Conference NameHeritage of History: Solutions to Political and Social Issues in Southeast Europe at the Balkan Wars' Centenary
Date PublishedMay, 2012
Place PublishedIstanbul, Turkey
ISBN Number978-605-86860-2-1
Abstract

The aim of this paper is to examine the extent and  impact of the latest financial crises on position  banking sector of Western Balkans  covering both pre-crisis and crisis period as well as to provide an explanation for these trends. The crisis in financial markets that began in mid- 2007 had resulted in substantial financial losses. This paper presents the in-depth analysis of developments in the banking of Western Balkan before and during crises. Also this paper examine banking performance of six countries of the region that have suffered  from latest finansial crisis. The paper begins by giving an overview of  the banking sector  in Western Balkan  in pre - crisis by describing the development structure of the banking sector  of Western Balkan.

Altough the economies of Western Balkan countries in crisis period performed differently our findings indicate that the latest financial crisis has had a substantial impact on the banking sector of the region  where credit growth has dropped significantly and asset quality has deteriorated markedly.