Risk Exposure of Austrian Banks: € 32 billion

Business › n.a. ♦ Published: November 25, 2010; 18:40 ♦ (Vindobona)

The volume that Austria's banks hold at the moment in the altogether not risk-free PIIGS countries (Portugal, Italy, Ireland, Greece), is € 32 billion.

Risk Exposure of Austrian Banks: € 32 billion / Picture: © Raiffeisen Centrobank

The current level of foreign lending lies at 137% of the GDP (2010: € 285 billion), which is within the European average, according to Raiffeisen Research. Therefore, Austria is on a par with the Netherlands or France.

At the top are Switzerland (398%), the United Kingdom (348%), Ireland (292%). This means that Austrian banks are more focused on the domestic market than the…

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