CESEE: Austrian Banks Face New Challenges

Politics ♦ Published: November 26, 2013; 18:09 ♦ (Vindobona)

For Austrian banks, the assessment by the ECB may bring new difficulties. Non-performing loans in CESEE are said to be higher than officially known.

CESEE: Austrian Banks Face New Challenges / Picture: © Vindobona.org


At the moment, the European Central Bank assesses the financial statements of the 128 biggest European banks. However, the assessment criteria are still not determined yet. Above all, the definition of risky assets is everything but clear. Deutsche Bank´s CEO Jürgen Fitschen criticized that important information are not given yet.

For Austrian banks, the exposure in…