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Stagnating Level of New Bank Lending
Loan development in the first quarter: increase in long-term lending, but decline in total corporate lending volume.
Stagnating Level of New Bank Lending / Picture: © Vindobona.org
Austrian bank’s lending volume has hardly increased in the first three months of the year compared to the 4th quarter of 2010. New loans to enterprises even registered a decline to a several-year low, while loans with a term of more than six months reached the highest volume since 2009. Private households received more loans in the first quarter, as a study by the Austrian National…
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