Business - Economy

Slow Recovery in Banks’ Lending Activity

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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Slow Recovery in Banks’ Lending Activity

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.