Austria’s Central Bank Forces BCR, UniCredit and Raiffeisen To Find Their Own Financing Sources

11.22.2011 By Razvan Voican

Erste Group, UniCredit Bank Austria, and Raiffeisen Bank International-- the respective owners of Romanian lenders BCR, UniCredit Tiriac Bank and Raiffeisen Bank Romania--will only increase lending in the region if refinancing from the local markets is sustainable, according to a package of measures decided by Austria’s central bank and the Austrian Financial Market Authority.

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Keywords:
BCR
, RAIFFEISEN
, UNICREDIT TIRIAC
, CENTRAL BANK
, REGULATIONS