OeNB: Recovery of the Financial System in a Persistently Uncertain Environment

Business › n.a. ♦ Published: December 15, 2010; 16:24 ♦ (Vindobona)

The OeNB considers that domestic banks benefit from the positive development in the CEE region. However, uncertainties stay on as before.

The Financial Stability Report of the Austrian National Bank paints a differentiated picture for the domestic banking industry. Austrian banks have benefited in the first three quarters of 2010 from a positive economic development and stabilization in Central, Eastern and Southeast Europe (CESEE). Nevertheless, the continuing uncertainties in the external environment result in Austrian…

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