No Credit Crunch in CEE

Politics ♦ Published: March 14, 2012; 17:33 ♦ (Vindobona)

Western European banks maintain the liquidity of their subsidiaries in Central and Eastern Europe. The equity provision is better than expected.

No Credit Crunch in CEE / Picture: ©

Despite contrary predictions, the CEE region does not face a credit crunch. Subsidiary banks of Western European banking groups show sufficient equity provision. The situation is less dramatic than expected, Artur Szeski, director of the rating agency Fitch in Warsaw, said.

Yesterday, those banks which participated in the “Vienna Initiative” after the Lehman insolvency in…