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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.

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