Business - n.a.

Austrian Banking Sector Burdened Heavily With NPL

Published: September 2, 2013; 06:57 · (Vindobona)

In total, non-performing loans held by Austrian banks come at € 150bn. This corresponds to 48% of Austria´s GDP.

Austrian Banking Sector Burdened Heavily With NPL / Picture: © Flickr

According to a study issued by the advisory group pwc, the volume of non-performing loans at the six biggest Austrian banks (Bank Austria, Erste Group, Raiffeisen Bank International, VBAG, Bawag and Hypo Group) totals € 150bn. This corresponds to 13% of the loan portfolio. Only 2.7% of the loans are Austrian non-performing loans. Until the end of the year, the NPL level is expected to…

This article includes a total of 206 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Austrian Banking Sector Burdened Heavily With NPL

In total, non-performing loans held by Austrian banks come at € 150bn. This corresponds to 48% of Austria´s GDP.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.