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OeNB Sees No Signs for Credit Crunch
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The Austrian Central Bank reports a stable development of new lending. The volume of new corporate and private loans is growing at 2% each.
OeNB Sees No Signs for Credit Crunch / Picture: © Vindobona.org
The volume of new loans granted to Austrian companies by domestic banks has increased further in the year 2011. The recovery has slowed down, however: Since July 2011, the annual growth rate of new lending has stagnated at about 2% which is still significantly lower than before the outbreak of the financial crisis. Broken down by sectors, new lending to companies in the manufacturing…
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