Published: April 21, 2011
The downturn hit Austrian banks’ emerging Europe businesses hard, but as the region recovers their investment banks have plenty to work on. Mark Dunne reports.
In Central and Eastern Europe (CEE), recessions come and go but it seems that Austrian investment banks are there to stay. Erste, Raiffeisen Bank International (RBI) and Unicredit-owned Bank Austria are three of the largest Vienna-based institutions that have built networks throughout the region and which are now picking up new business as various CEE economies recover from the downturn.
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