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Austria: Slight Lending Growth

Published: December 20, 2013; 21:23 · (Vindobona)

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.…

This article includes a total of 233 words.

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