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Outstanding Foreign Currency Loan Volumes Continue to Fall

Published: September 1, 2012; 14:10 · (Vindobona)

The Austrian Financial Market Authority (FMA) publishes its quarterly survey on changes in foreign currency loans.

Outstanding Foreign Currency Loan Volumes Continue to Fall / Picture: © SW Umwelttechnik

The amount outstanding in terms of foreign currency loans (FX loan volume) owed by Austrian households has continued to fall tangibly: As at the end of Q2 2012, € 35.6bn had still to be repaid. After allowing for exchange rate fluctuations this represents a fall of € 3.7bn or 9.5% compared with the previous year. The drop compared with Q1 2012 amounted to € 1.3bn, or 3.7%.…

This article includes a total of 276 words.

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