The Austrian Financial Market Authority (FMA) published its latest survey on foreign currency lending, showing that the outstanding stock of foreign currency loans to private households fell by 4% in the second quarter on an exchange rate adjusted basis to EUR 5.63 billion. This represents 3.2% of total household lending in Austria. The FMA noted that, since its ban on granting new foreign currency loans in autumn 2008, the outstanding volume has declined by EUR 43.7 billion or 91% on an exchange rate adjusted basis, from a peak where such loans accounted for 32% of household lending in 2006. Nearly all remaining foreign currency loans are denominated in Swiss francs (98.8%), with the remainder almost exclusively in Japanese yen, and the Swiss franc was around 0.9347 CHF per euro in the second quarter after appreciating 77% since the start of 2008. The FMA expects most remaining bullet foreign currency loans to mature between 2029 and 2033, and requires credit institutions to meet affected borrowers at least annually.
Austria Financial Market Authority 2025-09-26
Austrian Financial Market Authority survey shows foreign currency household loans down 4% in Q2 to EUR 5.63 billion
The Austrian Financial Market Authority (FMA) reported a 4% decline in foreign currency loans to private households in Q2, totaling EUR 5.63 billion, or 3.2% of total household lending. Since the 2008 ban on new foreign currency loans, the volume has decreased by 91% from its 2006 peak. Most remaining loans are in Swiss francs, with the FMA mandating annual meetings between credit institutions and affected borrowers.