NPL of € 100bn in CEE?

Businessn.a. ♦ Published: June 23, 2012; 19:16 ♦ (Vindobona)

The chairman oft he Viennese Chamber of Labor Werner Muhm asserts that Austrian banks hold non-perfoming loans in CEE ountries. Austrian banks rejected Muhm´s statement.

NPL of € 100bn in CEE? / Picture: ©

Ewald Nowotny, Governor of the Austrian Central Bank (OeNB): „The Austrian engagement in Eastern Europe was and still is a success story.“ Nowotny does not think that there are potential dangers for the Austrian economy.

Now, Werner Muhm opposes to Nowotny. He aserted that about the half of the loans of Austrian banks in the CEE region would have a „risky“ or „junk“…