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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.

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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