Foreign banks’ funding to Emerging Europe continued to decline in late 2014, but trend may be reversing, new report shows

Foreign banks’ funding to Emerging Europe continued to decline in late 2014, but trend may be reversing, new report shows

The decline in Western banks’ funding to Central, Eastern, and Southeastern Europe (CESEE) accelerated in the fourth quarter of 2014, while domestic credit growth remained lackluster in much of the region, but this trend may have started to reverse in early 2015, according to the latest Vienna Initiative committee report released on June 24. (...)