Lost & Found in Eastern Europe: Replacing Funding by Western Europe’s Banks

By | June 13th, 2012|Advanced Economies, Economic Crisis, Emerging Markets, Finance, growth, IMF, International Monetary Fund|

There is little doubt the era of generous funding from Western Europe's banks to their subsidiaries in the East is over, but this doens't have to translate into a reduction of bank credit in the emerging economies of Europe. The IMF's latest analysis shows an increase in local deposits in most countries of the region has offset the withdrawal of funding from Western Europe.