Interest reversal is approaching: loans are again cheaper for private customers!
Interest reversal is approaching: loans are again cheaper for private customers!
Oberösterreich, Österreich - The Raiffeisenlandesbank Upper Austria is strong and successful despite a challenging economic environment. In 2023, the operating result was increased by an impressive 110.6 percent to 882.6 million euros. The annual surplus after taxes even increased by 79.4 percent, which means that it is now 608.3 million euros. These positive numbers are included in the image of a stable financial situation, with a total increase in result from 132.3 percent to 513.4 million euros. General Director Heinrich Schaller emphasized that the bank has further expanded its capital strength, which creates important scope for the future, as The Raiffeisenzeitung reported.
Optimistic forecasts for interest reductions
According to the statements of Schaller, a start of interest reductions is expected on January 30, which should benefit customers and reduce the credit costs, especially in the private sector. Schaller predicts that the interest rate level could move to around two percent by the end of the year, which should make home financing more attractive. While a recovery could be felt in private loans, the situation in the company sector looks different; Due to risk and geopolitical challenges, companies are currently reluctant to investigate new investments. Schaller expressed himself optimistically that the investment mood could improve again in the second half of 2025, as reported.
A remarkable increase in cashless payment transactions was also found, with an increase of almost 13 percent in the previous year. This reflects the trend that customers are increasingly using digital payment methods. Nevertheless, there are also warning signs: in the case of living space financing, there is a dramatic decline of about two thirds in both volume and in the number of loans. Schaller attributes this to high interest rates and stricter contracting standards that considerably burden the lending. Despite the challenges, Raiffeisen remains optimistic and relies on the positive development of interest and strengthening the feeling of security in the population.
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| Ort | Oberösterreich, Österreich |
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