Austrian Banks Cut Exposure in Spain

Business › n.a. ♦ Published: June 11, 2012; 15:25 ♦ (Vindobona)

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

Austrian Banks Cut Exposure in Spain / Picture: © www.map-of-spain.co.uk

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…

or Log In

Fast News Search
Related News
„We Won´t Get Any Money Back“ (June 9, 2012)
Nowotny Pushes Spain to Call for Help (June 9, 2012)
CEE Banking Sector „Performs Well“ (June 6, 2012)
Keuschnigg: „Raising ESM for Italy and Spain“ (June 4, 2012)
Treichl: „Spain Needs Help“ (June 1, 2012)
Read More
Spain, Banking Industry, VBAG, Bawag, Bank Austria, Erste Group, KA Finanz, Lending, Capital Markets, Bond Market, RBI Raiffeisen Bank International
Featured
See latest Vindobona Newsletter