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Credits

Strong Growth in Lending to Private Households

Loan development in the second quarter: Total lending volume grows; opposing trends are registered for new loans to enterprises and private households.

September 1, 2011

Banks Expect Tightening of Credit Guidelines in 2012

Austrian banks’ lending policies did not change in the second quarter of 2011. For two years already, no tightening of lending conditions has been observed.

July 28, 2011

Austrians Still Prefer Building Society Savings

Erste Group’s s Bausparkasse benefits from the continuing trend. The amount of new lending increased by almost 25% year-on-year.

July 27, 2011

Credit Costs to Rise in the Wake of Basel III

The new regulatory requirements are expected to increase the cost of credits and to reduce the Austrian banks’ profitability.

July 20, 2011

Slow Recovery in Banks’ Lending Activity

Corporate loans recovered faster than loans to private households. Interest rates have increased only slightly since April 2010.

July 11, 2011

Stagnating Level of New Bank Lending

Loan development in the first quarter: increase in long-term lending, but decline in total corporate lending volume.

June 10, 2011

Lending Behavior of Banks Remains Stable

The credit policy of Austrian banks remained stable for the third year running in the first quarter of 2011 and it is also expected to remain unchanged in the second quarter of 2011.

April 28, 2011

Unmodified Lending Policy of Austrian Banks

Austrian banks did not change their lending policy in the fourth quarter of 2010, no modifications are expected for the current quarter either.

January 28, 2011

Economic Chamber: No More Credit Crunch for Austria’s Businesses

A study by the Austrian Economic Chamber shows the high level of satisfaction of local businesses with their banks: the credit crunch has disappeared.

December 10, 2010

Austrian National Bank: Credit Shortage Has Been Overcome

The analysis of the Oesterreichische Nationalbank (OeNB, Austrian National Bank) on loan growth shows slowly recovering credit dynamics in Austria.

December 8, 2010

Financing Requirements for Building Societies

According to Basel-III regulations Austrian building societies will require amounts in the hundreds of millions to equip themselves with sufficient equity.

December 8, 2010

Risk Exposure of Austrian Banks: € 32 billion

The volume that Austria's banks hold at the moment in the altogether not risk-free PIIGS countries (Portugal, Italy, Ireland, Greece), is € 32 billion.

November 25, 2010

aws Has Expansion Plans

The state-owned SME financing agency aws will double its fund volume to € 160 million, and extend its investments.

November 25, 2010

AE&E: Next Insolvency is Coming Up

A subsidiary of the insolvent AE&E group in Raaba is negotiating with the Styrian plant manufacturer Andritz. They have time until Friday.

November 25, 2010

Lending Rates of Domestic Banks Significantly Lower Than in the Euro Area

The lending interest rates for private households and businesses have risen recently. But despite this, rates are more advantageous than in other euro-countries.

November 23, 2010

AE&E: Negotiations Under High Pressure

The negotiators must reach an agreement still today in order to avoid the insolvency of the industrial plant manufacturer AE&E.

November 18, 2010

Austria's Exposure in Ireland: 3.4 Billion Euro

Since September 2009, Austrian banks have halved their exposure in Ireland. The most affected countries are the United Kingdom and Germany.

November 15, 2010

A-Tec: Banks Working on Counter-Proposal

After the fruitless negotiations, the banks plan to draw up a counterproposal. In addition, a British investor is showing interest in joining.

October 30, 2010

Hypo Group: Serious Allegations Against Kulterer

The former airline “Styrian Spirit" is said to have been financed without collateral, according to expert opinion. Kulterer defends himself and points to guarantee commitments by Jörg Haider.

October 29, 2010

Kovats in Distress: Rescue Package Must Stand Firm by Monday

The coming days are of utmost relevance for Mirko Kovats’s insolvent A-Tec Group. The rescue package must be ready by Monday.

October 29, 2010

A-Tec Restructuring: Kovats Hands Over 25.1%

The banks inject new money into the insolvent company; Kovats has no longer the majority. If restructuring fails, the banks have realization authority.

October 28, 2010

Lending Policy of Banks is Stabilized

Results for Austria of the October 2010 credit business survey in the euro area

October 28, 2010

CEE Banking Sector Report: Still More Credit Losses in the East

The number of bad loans is expected to increase considerably in some Eastern European countries, a Raiffeisen-analysis shows.

September 21, 2010
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