Austrian Clearingbank Concludes Activities

Politics ♦ Published: March 5, 2011; 11:23 ♦ (Vindobona)

The activities of the Oesterreichische Clearingbank, founded in 2008 to handle liquidity shortages at commercial banks end presently.

Austrian Clearingbank Concludes Activities / Picture: © Vindobona.org

The Austrian Clearingbank was created on occasion of the bank aid package which amounted to € 100bn. The bulk of the package was in the form of guarantees. The bank has completed its work by now and has already submitted the termination of its concession to the Financial Market Authority (FMA). The liquidation is to take place in the coming months.

The Clearingbank had the task…

or Log In

Fast News Search
Related News
Tightening of Credit Policy Expected (February 24, 2011)
Unmodified Lending Policy of Austrian Banks (January 27, 2011)
OeNB: Recovery of the Financial System in a Persistently Uncertain Environment (December 15, 2010)
Austrian National Bank: Credit Shortage Has Been Overcome (December 8, 2010)
Equity Requirements of Austrian Banks are € 18 billion (December 2, 2010)
Lending Rates of Domestic Banks Significantly Lower Than in the Euro Area (November 23, 2010)
Read More
State Aid, Banking Industry, Fiscal Policy, Lending, Guarantees
Featured
See latest Vindobona Newsletter