Eastern European risks for Austrian banks

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Austrian banks have developed extensive lending networks in Central and Eastern Europe since the fall of the Iron Curtain. Most of them face deteriorating loan books and falling profits due to difficult economic conditions in Central and Eastern Europe, exacerbated by the Ukraine crisis. But none is more exposed than Raffeisenbank....

Read about Raffeisenbank's Eastern European woes here. There's an update on Erste Bank's Hungarian problem, too.

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