Abstract
Introduction
The retail banking market in Central and Eastern Europe had been undergoing a
rapid transformation, as banks developed new products, services and channels,
up to the financial crisis, when the sudden change shifted their priorities.
This will modify both short-term and potentially long-term IT strategies and
IT investment priorities.
Scope of this research
- Central and Eastern Europe is defined as the former socialist countries,
or socialist republics in Europe that have decided not to join the CIS.
- This report covers the banking sector that has evolved from the socialist
banking system.
Research and analysis highlights
The recent macroeconomic environment has resulted in increased pressures on
driving downward operating income growth, which is leading to the adjustment
of the cost base to maintain profitability, and there are many banks which are
suffering extensively during the crisis.
More than half (57%) of the respondents from CEE pointed out that the branch
was the most important business area for driving the increase in IT spending
in the last quarter of 2008.
Key reasons to purchase this research
This research will enable to you to understand changes in IT budgets and how
they could impact your customers This research will enable you to understand
how evolving business pains will result in demand for specific solutions
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