Retail loans in Romania were the most problematic for theAustrians at Erste, which saw one of the fastest deteriorationrates in 2009.
In the fourth quarter alone, provisions allocated in Romania forloans granted to individuals and to SMEs totalled 200 millioneuros, the highest level recorded by a subsidiary of the group inCentral and Eastern Europe.
Erste also has operations in the Czech Republic, which remains thegroup's largest foreign market, and in Slovakia, Hungary, Croatia,Serbia, and Ukraine.
In its report Erste notes that 1.2% of the volume of retail loanswere restructured, with this being the second largest sharerecorded in a group subsidiary, after Ukraine, with 18% of theloans. Hungary ranks third, with 1% of the total.
Erste reported 1.61 billion euros in non-performing assets inRomania at the end of last year, of which 1.49 billion euros wereaccounted for by exposure to individual clients and smallcompanies.
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