Article Tools

Tightening of Credit Policy Expected

Published: February 25, 2011; 00:05 · (Vindobona)

The new Basel III rules will result in a tightening in lending, especially for small and medium-sized enterprises.

Tightening of Credit Policy Expected / Picture: © AWS Mittelstandsfonds

The manager of the SME financing fund aws, Arno Langwieser, believes that foreign financing for Austrian companies will get more expensive. "The credit crunch will worsen for about two thirds of the companies. The house banks are becoming more restrictive, and are asking for more and more security", says Langwieser further.

Lending rates are expected to increase by one to two…

This article includes a total of 218 words.

or Log In

Fast News Search
Related News
Erste Group: Strong Increase in Lending (February 24, 2011)
Leitl Demands More Support for SMEs (February 23, 2011)
Erste Bank to Expand its Corporate Customer Business (January 27, 2011)
Unmodified Lending Policy of Austrian Banks (January 27, 2011)
Shortage of Skilled Labor in Medium-sized Enterprises (January 25, 2011)
Austrian SME as a Source of Innovation (January 7, 2011)
Read More
Equity Markets, Funding, Banking Industry, Monetary Policy, Lending, SME
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter