AWS - Increasing demand for small loans

BusinessEconomy ♦ Published: August 17, 2010; 00:00 ♦ (Vindobona)

According to the Austria Economic Service (AWS) a significant increase in demand for small loans was registered in the first half of 2010.

AWS - Increasing demand for small loans / Picture: ©

In the first six months, the Federal Development Bank issued 583 loans with a volume ranging from €10000-€100000.

During the same period in the previous year only 257 loans were issued.

The small loans were introduced in 2009 to aid economic recovery, while the maximum loan amount was issued at €30,000. In 2010 it was expanded to 100,000, as the development bank…

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