Vienna- It has been some time ago that Austria is promoting great power in Central and Eastern Europe when it comes to banks. In the years between the east opening and the international financial crisis in 2008/09, the expansion in the east went rapidly. There was pioneering spirit and gold digging mood. The acquisitions in markets, which were difficult to consider, brought high profits. But this time seems a long time – later political problems began to accumulate, for example because of the business with foreign currency loans. Recently, the unclear fate of the Raiffeisen subsidiary in the sanctioned Putin Russia is in public focus.
