Austria’s government is monitoring the global banking turmoil although there are so far no signs of it spreading to the country’s financial sector, Finance Minister Magnus Brunner said in an interview published on Saturday.
“Our banks did their homework very well after the financial crisis. They are very well prepared,” Brunner told Swiss newspaper Neue Zuercher Zeitung.
He also defended Raiffeisen Bank International (RBI) which has come under fire for continuing to operate in Russia despite the war in Ukraine.
Source : Finance Minister assures NZZ that Austrian banks remain unaffected by banking turmoil