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Capital Transfers Still Below Pre-Crisis Level
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: © Vindobona.org
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…
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