Bank Lending Survey (BLS) – Q1 2017
25/04/2017 - Press Releases
Bank Lending Survey (BLS) (1,2) – Q1 2017
Loans to non-financial corporations
In the first quarter of 2017, credit standards and the terms and conditions for loans to non-financial corporations (NFCs) remained unchanged (see Chart 1) compared with the fourth quarter of 2016, in line with expectations expressed in the previous quarterly survey round. Moreover, banks expect that credit standards will remain broadly unchanged during the second quarter of 2017, with the exception of long-term loans, where some tightening of standards is expected.
The demand for total loans remained also unchanged during the first quarter of 2017 (see Chart 2) despite the slightly higher demand for loans by small and medium sized companies. The demand for loans is expected to remain the same during the second quarter of 2017.
The share of rejected applications for loans to enterprises remained unchanged during the first quarter of 2017 (see Chart 3).
Loans to households
In the first quarter of 2017, credit standards for loans to households remained unchanged compared with the fourth quarter of 2016 (see Chart 1), in line with expectations expressed in the previous survey round. The demand for loans to households remained broadly unchanged compared with the fourth quarter of 2016 (see Chart 2). Banks expect that credit standards and demand for loans by households will remain unchanged during the second quarter of 2017.
The terms and conditions for loans to households remained also unchanged in the first quarter of 2017.
The share of rejected applications for consumer loans remained broadly unchanged during the first quarter of 2017, whilst for housing loans it decreased somewhat (see Chart 3).
Chart 1 - Credit Standards (Average)
Chart 2 - Demand (Average)
Chart 3 - Share of rejected applications (Average)
(1) For more information on the Bank Lending Survey , see
http://www.bankofgreece.gr/Pages/en/Statistics/monetary/BankLendingSurvey.aspx.
(2) Information regarding the BLS methodology is available at:
http://www.bankofgreece.gr/Pages/en/Statistics/monetary/BankLendMeth.aspx.