AUSTRIA THE CO-OPERATIVES FACE TOUGHER TIMES Austria’s century-old co-operative banking sector grew faster than competing state-owned and private banking groups last year. However, the impact of a tough new federal banking law could turn the tables in the decade ahead.
The Raiffeisen sector, with its core of nine regional credit co-operative networks, outstripped all other banking groups in 1985 in the growth of credit, savings and total deposits. The co-operative sector boosted its market share to 18% fro7 17.6%
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