China banks in CEE upset trad lenders

China traditional dance_230px
By Mariam Meskin
15 Aug 2019

Chinese lending to and investment in central and eastern Europe is on the up. China has extended its reach to rival the influence of its western counterparts with its best weapon: money. But many bankers speaking to GlobalCapital this week think the trend is problematic.

Chinese lenders' presence in the region has been growing steadily over the last decade, with some securing mandates on large transactions that historically would have been dominated by western European and local lenders. In June last year, Bank of China and ICBC secured tickets as mandated lead arrangers on the landmark €3bn loan ...

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