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Austrian National Bank: Credit Shortage Has Been Overcome
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The analysis of the Oesterreichische Nationalbank (OeNB, Austrian National Bank) on loan growth shows slowly recovering credit dynamics in Austria.
Austrian National Bank: Credit Shortage Has Been Overcome / Picture: © Vindobona.org
Domestic banks are beginning to grant more credit again. However, the results of surveys of Austrian companies indicate that they are still facing some restrictive lending conditions. Nevertheless, the proportion of affected companies fell again in the last quarter. Last year’s sharp decline of credit dynamics was probably due in major part to the sharp drop in capital spending, and…
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