Austria: First Signs of a Credit Crunch

Business › n.a. ♦ Published: February 3, 2014; 09:26 ♦ (Vindobona)

According to the CFO barometer, large enterprises fear that the access to bank loans will continue to worsen. Austrian SME want to become more independent of banks.

Austria: First Signs of a Credit Crunch / Picture: © Vindobona.org

Austrian chief financial officers expect that the lending conditions will deteriorate further. According to a survey carried out by Deloitte, Business Circle and CFO Club Austria, 12% of the respondents think that the access to bank loans is deteriorating. Compared to the prior survey in December 2013, this is an increase by eight percentage points. The share of respondents expecting…

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