Analysis and Studies - Studies
CRIF Austria Study: Coronavirus Causes Credit Risk to Rise
June 17th 2021
Due to low interest rates, credit is highly attractive as a form of financing for both private individuals and companies. However, the Covid-19 pandemic and its consequences increase the risk that borrowers will not be able to repay the loans granted to them in accordance with the contract – this is the result of a current study by CRIF Austria, in the context of which banking experts were surveyed on the development of credit risk. According to this, 84% see the credit risk as increasing in 2021.
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