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Austrian Foreign Currency Loan Level Declining
FMA Q1 2012 Quarterly Survey on Changes in Foreign Currency Loans: Volume of outstanding FX loans continues long-term fall.
Austrian Foreign Currency Loan Level Declining / Picture: © Vindobona.org
The amount outstanding in terms of foreign currency loans (FX loan volume) owed by Austrian households has fallen tangibly: as at the end of Q1 2012 the volume outstanding was € 36.7bn. After allowing for exchange rate fluctuations, this figure is down by € 2.9bn, a fall of 7.3% compared with the same period of the previous year.
In comparison with autumn 2008, when the FMA…
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