Now European banks

Now European banks are actively integrated into the currency markets, capital markets and banking markets in other countries and regions. First of all, these markets include markets in Eastern and Central Europe. But we can not exclude the entry of major European banks in the Asia-Pacific region. In the aspect of financial markets, which traditionally applies to the Russian market, all these effects can be attributed to the positive results of the international integration of financial markets. Meanwhile, in Europe there is an additional incentive to the enlargement of the banking sector and to enhance its stability and quality of financial services with minimum prices. At the beginning of 1999 the European Union was already one of the main economic partners of Russian enterprises. However, about 80% of foreign trade contracts of our country is in U.S. dollars. And only about 10% of the transactions of domestic banks in foreign currencies accounted for the currencies of European countries. With the introduction of the euro has changed. As importers of Russian energy resources are largely state - members of the EMU, has undergone substantial transformation of the settlement currency. Consider the banking systems of several countries whose economies are at different stages of development. Topic: Banking System