The successful cross-border diversification strategy of several Austrian banks has contributed substantially to their positive profit development, since margins in CEE are still relatively high. Austrian banks today account for a market share of approximately 20% in CEE (except Russia), and Erste Bank, BA-CA and RZB are among the major players in this region.
For our part in Australia, we are supportive of these moves, regardless of the forum in which they evolve. Obviously, we would like to have a seat at the table, since we believe Australia has much to offer from its own experience and resources.