From the European perspective, loans granted by Austrian banks accounted for approximately 3% of all euro area loans to nonbanks while foreign currency loans accounted for 18% of all euro area foreign currency loans granted to nonbanks at end-20043.
Nearly 90% of all foreign currency loans issued to nonbanks in Austria are denominated in Swiss francs while the importance of the Japanese yen currently stagnates at a low level, equaling the volume of loans denominated in U.S. dollars.