Austria Banking & Financial Services Q4 2019
Austria's banking and financial services market is well developed and comprises a relatively diverse mix of domestic,regional and some global banks, large asset management companies and competitive insurance providers. The banking sector hasstabilised over recent years, having reduced exposure to bad debts, with strong loan growth forecast for 2019 and 2020. Whilegrowth in the domestic market is slow, access to faster growing regional markets should boost prospects. The insurance market isalso growing, albeit at a slow pace. The stock exchange has recently gained momentum following a slight decline in 2018.
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