VIENNA INITIATIVE
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Exposure Of “Vienna Initiative” Banks Down By 30% In Six Years
The nine foreign bank groups part of the “Vienna Initiative” in the spring of 2009 reduced their exposure by 29% in six years. The decline of the exposure in nominal terms stood at about nine billion euros.
Austrian Central Bank Insists On Restricting Lending Terms For New Loans
The governor of the central bank of Austria, Ewald Nowotny, says publicly he does not intend to drastically restrict the position of Austrian banks in the region, but unofficially continues...
Negritoiu, ING: Can't Build Walls To Keep Capital In
The scenario under which foreign banks will reduce their exposure to Romania because of capital needs is already likely to become reality, not just a risk, and capital repatriations can be s...
President Basescu, Finance Ministry, BNR Ask EU In Unison To Persuade Banks Not To Withdraw Capital
The risk of foreign banks starting to repatriate capital has alarmed the authorities so much that President Traian Basescu, the Finance Ministry and the National Bank (BNR) are talking in un...