Credit Crunch in CESEE?

Businessn.a. ♦ Published: June 27, 2012; 15:21 ♦ (Vindobona)

Anglo-Saxon banks and funds are most aggressive in deleveraging; Austrian bank are not relying on funding from countries in hotspots of deleveraging.

Credit Crunch in CESEE? / Picture: ©

Global deleveraging caused by international banks cutting their cross-border lending has sparked serious concerns about Central and Eastern Europe’s vulnerability, due to its high foreign bank ownership. Erste Group analysts have crunched the numbers to show why CEE6 (except Hungary) has been neither on the direct nor on the indirect axis of heavy global…