CXC Report on Corporate Treasury Challenges in the Balkans

The Balkans is a difficult environment for corporate treasurers. Regulatory complexity, FX controls, multiple languages and scripts and limited presence of international banks mean that work arounds are often required. For example, SEPA (the Single European Payments Area): requires international transfer fees within the area to be aligned with local ones -  Most countries now price cross border transfers as local ones; Greece does the opposite. As a result, internal transfers in Greece are prohibitively expensive.

Our detailed report covers Treasurers’ experiences and approaches to Greece, Bulgaria, Croatia, Slovenia, Romania, Serbia, Kosovo, Bosnia and Herzegovina and  North Macedonia.

Banks discussed in the report include: Citi,Raiffeisen Bank, UniCredit, BNP Paribas, Société Générale, Alpha Bank, National Bank of Greece, Piraeus Bank, Eurobank, Zagrebačka Banka, OTP Bank, Komercijalna Banka Skopje and  BRD Société Générale.

You can read our commentary (the key findings from the report) here: https://www.complexcountries.com/corporate-treasury-banking-in-the-balkans