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| Author: | Newsome, J. |
| Title: | Andean banks tough it out |
| Journal: | Euromoney
1999 : MAR, 3, p. 56-60 |
| Index terms: | RUSSIA BANKS BRAZIL |
| Language: | eng |
| Abstract: | A slowdown in domestic economic growth and meltdown in Russia and Brazil have put pressure on financial institutions across the Andean region. The author examines what it will take for the banks to survive the storm. Andean banks have battened down their hatches to weather a gathering storm. At home, banks have seen non-performing loans soar as economic growth has slowed and as tight monetary policy has pushed up interest rates. |
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