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CESEE: Massive Capital Outflow

Published: November 14, 2012; 19:46 · (Vindobona)

In the second half of 2011 and in the first half of 2012, foreign banks withdrew about € 55bn from the region.

CESEE: Massive Capital Outflow / Picture: © Vindobona.org

According to BIS (Bank of International Settlements), West European banks continue the deleveraging in the CESEE region. This comes at 4.0% of GDP of the CESEE countries, the Vienna Initiative states. Foreign banks are dominating the banking industry in the CESEE region.

In the second quarter of 2012, foreign banks have reduced their exposure in CEE6 (Czech Republic, Slovakia,…

This article includes a total of 252 words.

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