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Stagnating Level of New Bank Lending

Published: June 10, 2011; 17:33 · (Vindobona)

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…

This article includes a total of 255 words.

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