Slow Recovery in Banks’ Lending Activity

Business › Economy ♦ Published: July 11, 2011; 16:50 ♦ (Vindobona)

Corporate loans recovered faster than loans to private households. Interest rates have increased only slightly since April 2010.

Slow Recovery in Banks’ Lending Activity / Picture: © Vindobona.org

In 2011, Austrian banks’ lending activity has further recovered from the financial crisis although total volume of outstanding loans is still far below the pre-crisis level. Year-on-year growth rates in the corporate lending segment have increased steadily to 1.4% in April. Lending to private households has shown slower growth, except for April (+1.6%). After a low in the second…

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