Austrian Business Lending On the Rise

Businessn.a. ♦ Published: August 24, 2012; 19:09 ♦ (Vindobona)

In the second quarter of 2012, business loans were up by 2.8%. By contrast, lending in the Eurozone decreased by 0.6%.

Austrian Business Lending On the Rise / Picture: ©

For the first time since September 2010, business lending in the Eurozone was down last quarter.  In Spain, business lending was down by 4.8%. Greece recorded a decrease of 7.6%, lending in Italy was down by 1.8%.

In Austria, lending growth is still unstopped. The last decrease was observed in December 2009. The average business loan rate was 2.54% for loans below € 1.0m. The…