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Recital 6

Recital 6

(6)In Austria, as of June 2021, between 50 000 and 60 000 mortgage loans to Austrian households reference CHF LIBOR, which represents a volume of EUR 9,6 billion, and about 5,7 % of Austria’s entire household debt. Around 400 Austrian banks are engaged in mortgage portfolios referencing CHF LIBOR. The National Bank of Austria and the Austrian Financial Market Authority (FMA) submitted similar supporting data in a letter sent to the Commission.

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