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Erste Group: Strong Increase in Lending

Published: February 25, 2011; 00:28 · (Vindobona)

The Austrian Erste Group granted € 7.8bn loans in 2010 and expects demand for credit to rise in 2011 and 2012.

Erste Group: Strong Increase in Lending / Picture: © Flickr

“Credit volume growth, the engine of Austria’s economy, was strong in 2010,” stated Thomas Uher, member of the management board of Erste Bank Oesterreich.,Erste Bank and the savings banks jointly extended a total of € 7.8bn in new loans in Austria in 2010. The volume in 2009 was € 8.4bn. As part of the agreement for receiving the government’s…

This article includes a total of 291 words.

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