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SEE banks feel Covid-19 pinch, Banca Transilvania tops list for third year in row

The banks in Southeast Europe (SEE) showed resilience in the pandemic-defined 2020, as their total assets continued to grow. The measures introduced by the authorities to reduce the impact of the Covid-19 spread, however, took a heavy toll on their bottom lines and only a few of the region’s top lenders managed to grow their net profit. Cross-border M&A activity further reshaped the region’s banking landscape as a bunch of big deals were completed in 2020.

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SEE banking sector’s losses widen sharply on Slovenian woes

Most of the lenders in the SEE TOP 100 banks ranking closed 2013 in the black but the overall loss of the sector widened to 2.18 billion euro, due to the heavy losses booked by Slovenian banks. With the exception of Slovenia, the banking system in Southeast Europe (SEE), however, managed to stay stable, although continuing to struggle with high non-performing loan (NPL) ratios, weak lending growth and subdued economic growth. The ranking was dominated by Romanian lenders, which accounted for nearly a quarter of the total assets of the banks in the region.