Eurozone Banks Unexpectedly Eased Credit Standards For Businesses In Q3 - ECB
2019年10月22日 - 06:57PM
RTTF2
Euro area banks slightly eased the credit standards for loans to
enterprises and those to households for house purchase in the third
quarter, data from the third quarter euro area bank lending survey
from the European Central Bank showed on Tuesday.
Banks had expected them to remain broadly unchanged in the
previous survey.
The slight easing in credit standards on loans to enterprises
was largely driven by the impact of competition, mainly from other
banks, except in Germany.
Meanwhile, risk perceptions, related to a deterioration in the
general economic and firm-specific situation, continued to exert
pressure in the opposite direction, the ECB said.
Among the big area countries, credit standards for lending to
businesses eased in Italy and the Netherlands, while slightly
tightened in France and Germany. Credit conditions were unchanged
in spain.
Looking ahead, banks expect no change in credit standards for
loans to businesses in the fourth quarter.
Demand for loans to businesses were largely unchanged in the
third quarter, while that was expected to increase in the previous
survey. Banks expect loan demand to remain broadly unchanged in the
fourth quarter.
For housing loans, competitive pressure and lower risk
perceptions were the main drivers behind the latest easing in
credit standards, the survey said. Credit standards are expected to
remain unchanged in the final three months of the year.
Lower interest rates and favorable market prospects
substantially boosted the demand for housing loans in the third
quarter. The increase was above the historical average and higher
than banks expected in the previous survey.
Euro area banks expect a continued increase in net demand for
housing loans in the fourth quarter.
Credit standards for consumer credit and other lending to
households continued to tighten in the third quarter, defying
expectations for a net easing. These are expected to remain largely
unchanged in the fourth quarter.
Demand for consumer credit and other lending increased in the
third quarter and are expected to continue to increase in the final
three months of the year.
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