English
The banks that report to the BIS (Bank of International Settlements) have reduced their foreign exposure to Central, Eastern and South Eastern Europe (CESEE) in Q3 2015, according to a report of the "Vienna Initiative".
The report states that in the third quarter of 2015, the positions of the banks in question have decreased by 0.28% of the GDP, to 8.5% of the GDP, slightly lower than in Q2, to 294 billion dollars respectively.
"After a slight increase in Q2 2015, the foreign positions of these banks in relation to the CESEE, excluding Russia and Turkey, have decreased by 0.36% of the GDP, to 220 billion dollars (14.7% of the GDP), on the back of significant decreases in Poland and Hungary", the report writes: "Between September and November 2015, internal borrowing outside the CIS (Community of Independent States) and Turkey has continued to rise, but the increase has been focused on the Czech Republic, Slovakia and Poland. In the CIS and Turkey, the rise of internal lending has continued to decelerate".
According to the document, lending by foreign banks has continued to decrease in most countries in the region, with the exception of the Czech Republic, Lithuania, Slovakia, Turkey, Serbia, Latvia and Belarus. According to the report, significant drops have been recorded in Russia, Poland, Hungary and Romania.
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