April 24, 2024

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Swiss Francs

S&P: Foreign Currency Loans Endanger Austrian Banks

According to the U.S. rating agency, the high volume of foreign currency loans is a big danger for Austria´s banks. Nevertheless, the Austrian banking sector achieved the second best rating.

Outstanding Foreign Currency Loan Volumes Continue to Fall

The Austrian Financial Market Authority (FMA) publishes its quarterly survey on changes in foreign currency loans.