ECB BLS: Loan Demand UP in 3Q, Firms Face Tighter Credit In Q4

FRANKFURT (MNI) – Loan demand in the euro area continued to increase across all loan categories in the third quarter and banks expect the tend the continue for the rest of the year, the European Central Bank’s quarterly bank lending survey showed Tuesday.

Survey results suggest that the ECB’s ultra-accommodative monetary policy has supported lending volumes thus far, as low lending rates and negative deposit rates are said to have a positive impact on lending volumes. Banks use of the liquidity obtained from the ECB’s asset purchase program is also being used to extend loans. Read more


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s