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.

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

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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