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“Operations of Austrian Banks in CESEE Region Are a Success Story“

People ♦ Published: January 30, 2013; 11:52 ♦ (Vindobona)

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Regarding the Austrian banking sector, governor of OeNB (Austrian Central Bank) Ewald Nowotny demonstrates cautious optimism.

“Operations of Austrian Banks in CESEE Region Are a Success Story“ / Picture: © Vindobona.org

“Austria´s banks are the biggest investors in the banking sector of the CESEE region.” Nowotny says. According to him, the exposure in Central, Eastern and Southeastern Europe is relatively big. And the last years can be seen as success story, he added. However, the success story must be observed permanently, Nowotny says. The CESEE banking sector still contains a substantial…