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Cernko Against „Talking Down Austrian Banks“
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Published: February 17, 2012; 13:56 ♦ (Vindobona)
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Bank Austria´s CEO is strictly against an undifferentiated view on CEE-countries. Austrian banks with an exposure in the CEE region shall not be talked down.
Cernko Against „Talking Down Austrian Banks“ / Picture: © Uni Credit Group Bank Austria
Willibald Cernko wants financial analysts to observe the CEE region in a more differentiated way. Austrian banks engaged in Eastern Europe shall not be talked down, even not by rating agencies. Cernko: “Of course, worst-case scenarios include the assumption of a major recession. Nevertheless, I am against prejudice on a whole region and a short-sighted view.”
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