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Austria: Lending Continues to Contract
Austrian banks tend to remain rather cautious. The restrictions of company loans sharpen.
Austria: Lending Continues to Contract / Picture: © Vindobona.org
In the third quarter, Austrian banks again sharpened their lending conditions slightly. This is the result of a survey issued by Austrian National Bank OeNB. The main reason is the increasing economic uncertainty, the higher refunding costs and accounting restrictions. As a result, the margins were raised again.
The demand for business loans was decreasing significantly. At the…
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