DSK Bank PLC -- Moody's: Balkans banking systems on the threshold of recovery

Limassol, June 12, 2014 -- Banking systems across the Balkans are crossing the threshold to recovery, with expectations of corresponding improvements in the region's credit conditions, says Moody's Investors Service in a new Special Comment published today. The turnaround will be driven by gradual macro-economic recovery, owing to the modest pick-up in growth in Europe, and banks' strong liquidity and capital buffers. However, while new non-performing loans (NPL) formation will continue to ease, Moody's expects NPL ratios -- currently ranging between 15%-20% -- to remain high.

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