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Austria: Slight Lending Growth
The Austrian National Bank (OeNB) rejects reports on credit shortages. In contrast to the Eurozone, Austria´s banking industry expands lending.
Austria: Slight Lending Growth / Picture: © Vindobona.org
According to a survey carried out by Creditreform, he real economy benefits only partly from the low interest rates. Borrowing becomes more and more difficult for small and medium-sized enterprises. “Austrian creditors are still very cautious and are not very generous in terms of lending”. Above all, enterprises have to provide more securities to their lenders, Creditreform says.…
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