Article Tools

Eurozone: Number of Bank Credits Keeps Declining

Published: January 3, 2014; 16:41 · (Vindobona)

The financial institutes in the Eurozone have been cutting back on granting credits. The lending for both business corporations and private persons has dropped by 2.3 percent.

Eurozone: Number of Bank Credits Keeps Declining / Picture: © Vindobona.org

Banks have been cutting bank on granting credits. In November last year the number of loans given out to enterprises and private households has declined even faster than in the previous month. In total, the number of bank credits dropped by 2.3 percent in November while October saw a decline of 2.2 percent, as reported by the European Central Bank (ECB) on Friday. Experts had been…

This article includes a total of 251 words.

or Log In

Fast News Search
Related News
Massive Change in Banking Landscape (January 2, 2014)
Austria: „Lending Becomes More Expensive” (December 27, 2013)
Austria: Slight Lending Growth (December 20, 2013)
Austrian SME Suffer from Credit Shortage (December 19, 2013)
Austrian Insurance Companies to Grant Credits (December 4, 2013)
Read More
Eurozone, Brussels, ECB European Central Bank, Monetary Policy, Lending, Banking Industry, Surveys
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter