Banks have CEE-Subsidiaries „Under Control“

People ♦ Published: March 21, 2012; 12:33 ♦ (Vindobona)

RBI´s CEO Herbert Stepic criticizes the skepticism against banking in Central and Eastern Europe. The economist Aiginger sees more advantages than risks for Austrian banks.

Banks have CEE-Subsidiaries „Under Control“ / Picture: ©

Karl Aiginger, director of the Austrian Institute of Economic Research (WIFO) considers that the riskiness of banking activities in the CEE region is substantially lower than predicted. For Austrian banks, advantages are clearly exceeding risks.

Also the chairman of RBI´s (Raiffeisen Bank International) management board, Herbert Stepic, criticizes the skepticism of rating…