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Bank consolidation expected as crisis creates opportunities

Dec 10, 2009
Staff and wire reports

RIGA - Latvian and Lithuanian banks are reported to have the highest need for new capital in Eastern and Central Europe because they rely on collateral that has been falling in value amid steep house price declines, says Bloomberg. “Recapitalization requirements for Lithuania and Latvia could be substantial,” says a Fitch rating agency report. For banks in better shape, buying opportunities are opening up as asset prices sink, including in the Baltics. Nordea’s chief f ...

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