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Big Exposure in Foreign Currency Loans
Politics ♦
Published: July 10, 2012; 18:10 ♦ (Vindobona)
In Austria, domestic banks have outstanding foreign currency loans of € 51bn. In CESEE countries, the exposure comes at € 130bn.
Big Exposure in Foreign Currency Loans / Picture: © Vindobona.org
Recently the IMF criticized that the big exposure of Austrian banks in Central, Eastern and Southeastern Europe (CESEE) would be a substantial risk factor. According to the IMF, the strong presence of Austrian banks in the region is favorable. The expansion of the banking sector was „too ambitious“, however. In some cases, the expansion should have been slowlier.
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