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Austrian Banks Cut Exposure in Spain
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Erste Group, Raiffeisen Bank International (RBI) and KA Finanz have the highest exposure among Austrian banks.

As most European banks, Austrian banks reduced their exposure in Spain. According the BIS (Bank of International Settlements), the exposure held by Austrian banks totaled € 3.5bn at the beginning of 2012. Two years ago, the exposure stood at € 7.0bn. Also in the last few months, loans and bonds were reduced by several hundred million euros. German banks are much more engaged in…
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