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Headline: Profit-hungry Austrian banks consolidate and look east Source: Euromoney Date: January 2002 Author: Philip Moore For years, overbanked Austria has been a byword for murderous competition and razor-thin margins. Now there are indications that it is becoming a more benign environment for bankers. Austrian banks are belatedly focusing on the business of making money, both at home and through energetic expansion in the central and eastern European region.
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