World important news by Berry

Oct 12 '11

Bank Austria sees limited read-across from Erste-CFO


“This is something we continue to evaluate. For the rest (of countries in the region) I think this should be a specific topic for them,” he said when asked about potential parallels to Erste’s big writedowns.”The Hungarian situation which was the other big topic is something that we already disclosed quite recently what our exposure is, which — by luck rather than anything else — is a bit more moderate than others so we expect the impact to be visible but very much under control,” he said.”In Romania our presence is smaller and is very old…I think in Romania in particular we have much less of a heavy (presence).”

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