ECB Euro area bank lending survey: net 14% of EZ banks tightened credit standards in Q2 vs. 27% in Q1
Important
SourceNewsquawk
SectionECB
- Banks expect more moderate net tightening on loans to firms in Q3.
- The cumulated net tightening since the beginning of 2022 has been substantial.
- Firms’ net demand for loans fell strongly in the second quarter of 2023, dropping to an all-time low since the start of the survey in 2003
- In Q3 banks expect a further net decrease in demand for loans to firms, but much smaller than in the second quarter.
- Banks reported that their access to funding deteriorated in most market segments in Q2 2023, especially in retail funding.
Via ECB