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Erste Bank Chief Treichl Says Worst Is Over for Eastern Europe

Erste Group Bank AG Chief Executive Officer Andreas Treichl said the worst effects of Europe’s debt crisis are over for eastern Europe, where his bank is the third-biggest western lender.

“I really don’t expect it to get worse, but it is bad enough for the moment,” Treichl said in an interview in Alpbach, Austria. “Mainly because the loan growth is relatively weak for the moment -- which is understandable in the sense that the general mood that has affected Europe also has affected central and eastern Europe.”