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Slight Tightening of Austrian Lending Guidelines
The Austrian Central Bank (OeNB) reports that domestic banks have tightened lending guidelines for both company and household loans in the second quarter of 2012.
Slight Tightening of Austrian Lending Guidelines / Picture: © Vindobona.org
At the same time, demand for both company and household loans declined slightly. These are the results of the quarterly survey of the lending business in July 2012. Lending managers of leading banks were asked about their estimations on the lending developments.
The banks justified the tightening with the rising equity costs and the unfavorable economic forecasts. The respondents…
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