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Outstanding Foreign Currency Loan Volumes Continue to Fall
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: © Vindobona.org
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%.…
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