Perspectives of development of private banking in transition countries and European Union

Balaban, Mladenka and Bodroža, Duško (2011) Perspectives of development of private banking in transition countries and European Union. In: Contemporary issues in the integration processes of Western Balkan countries in the European Union. International Center for Promotion of Enterprise, Ljubljana. ISBN 978-961-93203-0-3

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Abstract

Private banking is related to the individual wealth growth, although the financial crisis has slowed down the growth of GDP in many countries, we cannot ignore the fact that private banking has realized a significant income in the period of financial crises. The globalization process, mergers and acquisitions that follow the financial sector, bring this type of banking services to countries in transition. The goal of this paper is to present a processes growth in private banking sector, in the world and in those parts of Europe where only traditional banking services was used. Started from the analysis of wealth growth, regulatory changes and changes in the desire of wealthy clients in a manner of services and prices, the authors of this study indicate that private banking has the potential for growth also in transition countries because of potential growth of individual wealth.

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