Austria: Financial System Stability Assessment

IMF Staff Country Reports, July 20, 2026

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Austria: Financial System Stability Assessment

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Bibliographic details

• Published: July 20, 2026
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798229054195.002

Summary and outlook

• Austria started to slowly recover in 2025 after two years of recession.
• The energy shock due to the Middle East conflict is weighing on the outlook.
• Key risks arise from subdued economic activity, exposure to CRE lending, and shocks in the CESEE region.

Financial sector structure

• A large and complex banking sector with significant exposure to Central Eastern and Southeastern European countries (CESEE) dominates the financial sector.
• Strong contributions to banking-sector performance come from the CESEE subsidiaries.

Banking sector condition

• Despite domestic and external headwinds and a rise in NPLs in recent years in commercial real estate (CRE), the banking sector continues to be well capitalized, highly profitable and liquid.

Risks and vulnerabilities

• Subdued economic activity is a central risk to financial stability.
• Exposure to commercial real estate (CRE) lending has been associated with a rise in NPLs in recent years.
• Shocks originating in the CESEE region constitute a material risk due to banks’ exposures.

Thematic coverage (subjects and keywords)

• Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT); Asset and liability management; Crime; Financial sector policy and analysis; Financial sector stability; Liquidity; Macroprudential Policy; Stress testing.
• Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT); banking sector structure; central bank; cre loan; Europe; financial market; Financial sector stability; financial system composition; Fsap finding; Global; IMF staff; Liquidity; Macroprudential policy; Middle East; risk analysis; Stress testing; work of the Financial Sector Assessment Program.

Content in this bundle

• Austria: Financial System Stability Assessment; IMF Country Report No. 26/181; June 23, 2026
  • Austria: Financial System Stability Assessment; IMF Country Report No. 26/181; June 23, 2026 (Markdown version)
  • Austria: Financial System Stability Assessment; IMF Country Report No. 26/181; June 23, 2026 (PDF)