Austrian National Bank: Credit Shortage Has Been Overcome

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…