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CEE Banking M&A Study 2025

Solid Performance: Resilient CEE Banking Sector in a shifting M&A Landscape

We are happy to hereby release the 8th edition of our CEE Banking M&A Study.

CEE Banking M&A Study

We are happy to hereby release the 8th edition of our CEE Banking M&A Study

The 8th edition of Deloitte's CEE Banking M&A Study provides an in-depth analysis of the current state of the region’s banking industry. It highlights key challenges and opportunities shaping the sector, covering macroeconomic factors, banking market dynamics and M&A transactional trends. The study also offers an overview of the regional banking IPO landscape, the payments sector, discusses the evolving relationship between crypto markets and the financial system, and provides insights into key securitisation market trends.

Interesting facts

Key trends

  • Declining interest rates
  • Moderating NIMs, yet ROE remains strong (15–20%)
  • Active regional banking groups (Erste, Raiffeisen, KBC)
  • National market leaders strengthening their positions
  • Cost pressure driving digitalisation and automation
  • Post‑merger integrations and internal restructuring
  • Leasing, asset management and fintech transactions
  • CEE NPL ratios are at historic lows
  • Supportive labour market conditions
  • Banks are moving beyond experimentation toward commercially viable use cases, including crypto trading and custody, stablecoins and tokenisation.

Key takeaways

Interactive dashboard

Navigate the evolving banking M&A landscape with our dynamic dashboard