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Risk Exposure of Austrian Banks: € 32 billion
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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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