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.
