Tightening of Credit Policy Expected

People ♦ 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…

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