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OeNB Reacts to EU-Commission´s Critique
Politics ♦
Published: May 31, 2012; 14:06 ♦ (Vindobona)
The EU Commission warned Austria of the big lending exposure in Eastern Europe. According to the Austrian Central Bank, the CESEE region must be seen differantiated.
OeNB Reacts to EU-Commission´s Critique / Picture: © Vindobona.org
„Austria faces special challenges due to the big exposure of ist banks in the countries of Central and Eastern Europe as the asset´s quality may deteriorate further.“ the EU-Commission stated yesterday. According to BIS (Bank for International Settlements), the exposure of Austrian banks in the countries of Central and Eastern Europe totaled $ 295bn in the third quarter of 2011. In…
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