Austrian FMA Sharpens Lending Rules for Foreign Currency Loans

Professional Services › Banks ♦ Published: January 2, 2013; 18:56 ♦ (Vindobona)

The Austrian Financial Market Authority changes the rules for banks which grant foreign currency loans.

Austrian FMA Sharpens Lending Rules for Foreign Currency Loans / Picture: © SW Umwelttechnik

Austria´s FMA underlines that foreign currency loans are no “suitable financial product for housing loans”. Since 2008, Austrian banks must not grant foreign currency loans to private individuals. Since then, the exposure was down by € 14bn.

However, according to FMA, the foreign currency volume in Austria is still “extraordinarily high”. As a result, there is a…

or Log In

Fast News Search
Related News
Stepic: “Must Reduce Lending in CESEE” (October 11, 2012)
Austrian Companies Expect Increase in Lending Costs (September 27, 2012)
Banking Union: Austrian FMA Wants to Integrate Eastern European Countries (September 13, 2012)
Austrian Business Lending On the Rise (August 24, 2012)
Read More
FMA Financial Market Authority, Lending, Banking Industry
Featured
See latest Vindobona Newsletter