Steve Gorelik

In this enlightening discussion, investment professional Steve Gorelik from Firebird Management shares insights from his 20 years of expertise in Eastern European public equities. He explores lucrative banking opportunities in Kazakhstan and Georgia, emphasizing structural advantages in underbanked economies. Steve analyzes profitability metrics, highlighting impressive ROE figures and low P/E valuations amid perceived risks. He also discusses the macroeconomic drivers influencing investor confidence and the potential for re-rating these banks as local costs decline.