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OeNB Reacts to EU-Commission´s Critique
Politics ♦
Published: May 31, 2012; 14:06 ♦ (Vindobona)

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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.

„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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