SEE-5 Banking Sector 2021 Overview & Outlook

- SEE-5 banks’ operating environment improved sharply in 2021, reflecting economic recovery from the COVID-19 shock
- Regional banks continued to outperform their EU peers
- Despite higher inflation and slowing, but still healthy, economic growth, the outlook for the SEE-5 banking sector remains positive
- The relatively low level of financial intermediation in SEE-5, together with the sector’s solid fundamentals, bode well for future expansion