Central and Eastern Europe (CEE)
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Piotr J Szpunar joined Poland’s central bank, Narodowy Bank Polski, in 1995 and became deputy head of the macroeconomics department in 2002. In 2007, he was appointed head of the financial system department, and he now serves as advisor to Adam Glapiński, who replaced Marek Belka as governor in June. In this interview with GlobalCapital’s Phil Moore, Szpunar shares his thoughts on the prospects for Poland’s economy and monetary policy, as well as on the outlook for the banking system. -
Zdzisław Sokal is the President of the Bank Guarantee Fund (BGF) and an adviser to the President of the Republic of Poland. He also serves as a member of the Polish Financial Supervision Authority. In this interview with GlobalCapital, he discusses the role of the BGF and the challenges facing the Polish banking sector today.
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Having worked for a number of local and international companies in the financial services sector since 2004, Piotr Nowak was appointed undersecretary of state in Poland’s Ministry of Finance in December 2015. In this interview with GlobalCapital’s Phil Moore, he outlines his thoughts on Poland’s funding strategy and the outlook for the economy.
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Turkish funding officials are hopeful covered bond supply will improve in 2017 as new debut names surface and deals price tighter than the sovereign.
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Turkey’s spreads have not recovered almost a week after Moody’s junked its credit rating, but bankers insist the sovereign and other Turkish borrowers will have access to the capital markets once stability has returned, even if borrowing costs rocket. Virginia Furness reports.
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Russian Railways will attempt to revive the eurorouble format on Friday following a hugely successful dollar market return the previous day.
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Moody’s move to junk Turkey's rating last Friday was met with howls of disdain from investors after they believed the agency had hinted there would be no downgrade. But no diligent fund manager should be moving positions based on a throwaway comment from a single analyst.
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PKO Bank Hipoteczny has mandated leads to go on a roadshow with the first euro benchmark covered bond from Poland.
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Romania achieved a wafer-thin new issue premium for a €1bn reopening of its May 2028s on Wednesday, setting a good precedent in euros for Latvia which mandated for a 10 year deal on Thursday.
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Romania achieved a wafer-thin new issue premium for a €1bn reopening of its May 2028s on Wednesday.
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The Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg has approved the covered bond prospectus of PKO Bank Hipoteczny and the issuer has mandated leads for a roadshow.
