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Taking Counsel: How strong is competition in Estonia’s banking sector?
Estonia’s commercial banks in recent weeks have announced their economic results for 2007, and apparently they are doing very well. Even the smaller market players – e.g., Nordea Bank, Sampo Bank – showed remarkable results despite a smaller customer base and market share. However, it remains to be seen whether the banks’ profits were derived from effective commercial activities in the presumably “competitive environment,” or if they were solely based on last year’s robust economic growth and th ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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