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Extensive Refinancing Needs by Austrian Banks

Published: December 14, 2010; 00:33 · (Vindobona)

Due to the maturity of large loan volumes, Austria's banks will need at least € 20bn next year.

Extensive Refinancing Needs by Austrian Banks / Picture: © Vindobona.org

The fact that the government-backed bonds that allowed the banks to obtain an AAA rating are also maturing in 2011, complicates things further. High financing requirements should however be no problem for the banks, according to the National Bank (OeNB). The demand is present: in particular foreign investors have a potentially strong interest in bonds of Austrian banks. Issuing…

This article includes a total of 178 words.

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