Austria: Slight Lending Growth

Businessn.a. ♦ 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.…