Credit expert

Will the rise in bankruptcies become a new tsunami?

Credit protector and KSV1870 boss Ricardo-José Vybiral in an interview with "Krone" on the increase in corporate insolvencies, the strict lending guidelines for home loans, corona aid and the barely increased number of private bankruptcies.

"Krone": We have 26 percent more bankruptcies this year in the first half of the year compared to 2023. Coming from a high level?
Ricardo-José Vybiral: No. The current insolvency rates are 1.3 to 1.4 percent, in 2005 and 2007 they were just under the two percent mark.

Okay, so this is not yet a tsunami?