Western European banks likely withdrew funding from subsidiaries in central and eastern Europe at a faster pace in the second quarter of 2012, a development that could threaten financial and economic stability in the region, the European Bank for Reconstruction and Development said Friday. Since the third quarter of last year, the EBRD and other international financial institutions have worried that the funding problems faced by euro-zone banks would spillover into CEE. In many central European countries, banking systems are dominated by subsidiaries of western European institutions. Figures released by the Bank for International Settlements Thursday showed foreign banks cut their lending to central and eastern Europe in the first three months of the year, but by a smaller amount than in the third and fourth quarters of last year. However, in a report jointly authored with The European Commission, the European Investment bank, the International Monetary Fund and the World Bank, the EBRD said that first-quarter dip reflected the cheap, long-term loans provide to euro zone banks by the European Central bank in December and February. "In the second quarter of 2012 funding withdrawals of western banks are likely to have picked up again, although not to the pace of the second half of last year," the institutions said. Write to Paul Hannon at paul.hannon@dowjones.com Subscribe to WSJ:Ebrd withdrawal of bank funds from cee picked up in 2q 2012 - wholesale optical sorterEbrd withdrawal of bank funds from cee picked up in 2q 2012 - wholesale optical sorterEbrd withdrawal of bank funds from cee picked up in 2q 2012 - wholesale optical sorterEbrd withdrawal of bank funds from cee picked up in 2q 2012 - wholesale optical sorterEbrd withdrawal of bank funds from cee picked up in 2q 2012 - wholesale optical sorterEbrd withdrawal of bank funds from cee picked up in 2q 2012 - wholesale optical sorterEbrd withdrawal of bank funds from cee picked up in 2q 2012 - wholesale optical sorter The e-commerce company in China offers quality products such as wholesale optical sorter , heavy duty machines, and more. For more , please visit China Manufacturers today!
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