Austrian Banking Industry Depends on Russia and Czech Republic

Business › n.a. ♦ Published: December 12, 2013; 06:33 ♦ (Vindobona)

For the Austrian banking sector, the CESEE region is highly heterogeneous. In the first six months of 2013, net earnings totaled € 1.4bn in the region.

Austrian Banking Industry Depends on Russia and Czech Republic / Picture: © Vindobona.org

For the Austrian banking sector, Russia and the Czech Republic are the most profitable markets. In the first six months of 2013, the net income totaled € 500m in Russia and € 450m in the Czech Republic.

In Romania, Slovakia and Poland, the net income is also positive. Operations in Slovenia, Hungary and Serbia, in contrast, are negative. These results were published by the…

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CESEE, NPL Non Performing Loans, Slovenia, Croatia, Russia, Serbia, Hungary, Poland, Slovakia, Czech Republic, Romania, Banking Industry, ECB European Central Bank, Ewald Nowotny, OeNB Austrian National Bank, Lending
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