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Non-Perfoming Loans on the Rise in Austria
In the last three years, the size of non-performing loans held by Austrian banks has doubled. At the end of 2011, the NPL volume stood at € 18bn.
Non-Perfoming Loans on the Rise in Austria / Picture: © Vindobona.org
According to a study of PwC, Austrian non-performing loans are growing substantially. Nevertheless, Austria is fully in line with the European trend. In 2008, the NPL volume was € 0.5bn in Europe. At the end of last year, the NPL size grew up to € 1.05bn. Last year, the volume of NPL was up by 6% in Austria.
The CESEE region could hold the NPL volume relatively stable. The…
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