Capital Transfers Still Below Pre-Crisis Level

Businessn.a. ♦ Published: May 5, 2011; 07:09 ♦ (Vindobona)

Austria's financial transactions with foreign countries continue to be influenced by the aftermath of the crisis: investment in foreign securities has increased only slightly (€ 6.4 bn).

Capital Transfers Still Below Pre-Crisis Level / Picture: ©

The circulation of Austrian securities abroad has been - albeit to a lesser extent than in 2009 - slightly reduced (€-1.2 bn). The extraordinary market environment was also to be seen in the development of credit and deposit business with foreign countries: this segment dominated by the banks fell by € 14.9bn on the asset side and by € 6.3bn on the passive side. Austria's direct…