As a result, the EU-15 countries account for approximately two thirds of the total FDI stock in the region. This is particularly true for the banking sector, where foreign-owned banks have gained an average market share of around 80%.
Austrian companies in general, and Austrian banks in particular, identified market opportunities in Central and Eastern Europe at a relatively early stage and have established a considerable presence in the region by now. With an average market share in banking sector assets of almost 25%, Austria’s banks are market leaders in Central and Eastern Europe.