ECB out with their Q2 bank lending survey 18 July
- credit terms eased in all categories
- expects easing credit standards for loans in Q3
- sees rising demand for corporate, mortgage consumer loans in Q3
Says the ECB:
Credit standards for loans to enterprises eased slightly in net terms in the second quarter of 2017, according to the July 2017 euro area bank lending survey (BLS). The net easing (-3%) of credit standards - i.e. banks' internal guidelines or loan approval criteria - followed a net easing of -2% in the previous quarter, despite expectations in the previous survey round that they would tighten slightly.
Competitive pressure remained the main factor behind the net easing of credit standards on loans to enterprises. Credit standards on loans to households for house purchase also eased (a net percentage of -4%, compared with -5% in the previous quarter).
For the third quarter of 2017, banks expect a net easing of credit standards on loans to enterprises (-2%), on housing loans (-6%) and on consumer credit (-4%).
Full report here
ECB expecting easier credit conditions to continue in Q3
