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Fitch: Austrian Banking Industry Depends on CESEE

Published: January 14, 2013; 18:22 · (Vindobona)

According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.

Fitch: Austrian Banking Industry Depends on CESEE / Picture: © Flickr

In a special report on the CEE banking sector, Fitch analyzes the Austrian banking system. According to Fitch, the most important countries for the Austrian banking industry are Hungary, the Czech Republic, Romania, Croatia, Slovenia and Slovakia. These countries are strongly dominated by foreign banks. About 75% of the CESEE banking sector is owned by banks from western countries.…

This article includes a total of 427 words.

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