Bank Lending Survey (BLS): Q3 2021
26/10/2021 - Press Releases
Bank Lending Survey (BLS): Q3 2021
- The credit standards and the terms and conditions for loans to non-financial corporations (NFCs) remained unchanged in the third quarter of 2021. The overall demand for loans to NFCs remained almost unchanged.
- The credit standards as well as the terms and conditions for loans to households remained unchanged. The demand for housing loans remained almost unchanged, while the demand for consumer credit increased somewhat.
Loans to non-financial corporations
In the third quarter of 2021, the credit standards for loans to non-financial corporations (NFCs) remained unchanged (see Chart 1) compared with the second quarter of 2021, in line with the expectations expressed in the previous quarterly survey round. Moreover, banks expect that credit standards will remain unchanged during the fourth quarter of 2021.
The overall terms and conditions for loans to NFCs remained unchanged compared with the second quarter of 2021.
The overall demand for loans to NFCs remained almost unchanged (see Chart 2). During the next quarter, the overall demand for loans to NFCs and especially to small and medium-sized enterprises is expected to increase somewhat.
In the third quarter of 2021, the ratio of rejected applications for loans to NFCs remained almost unchanged compared with the previous quarter (see Chart 3).
Loans to households
In the third quarter of 2021, the credit standards as well as the terms and conditions for loans to households remained unchanged compared with the second quarter of 2021 (see Chart 1), in line with the expectations expressed in the previous quarterly survey round.
The overall demand for housing loans remained almost unchanged, while the demand for consumer credit increased somewhat compared with the second quarter of 2021 (see Chart 2). The improvement in consumer confidence and rising spending on durable consumer goods contributed to the increase in demand. During the next quarter, the demand for housing loans is expected to increase considerably, while the demand for consumer credit is also expected to increase somewhat.
Banks expect that credit standards for loans to households will remain almost unchanged during the fourth quarter of 2021.
The ratio of rejected applications for loans to households remained unchanged during the third quarter of 2021 (see Chart 3) compared with the previous quarter.
Chart 1 - Credit Standards (Average)
Chart 2 - Demand (Average)
Chart 3 - Share of rejected applications (Average)
Related information:
The next Press Release on the “Bank Lending Survey” for Q4 2021 will be published on 1 February 2022, in accordance with the Advance release calendar on the Bank of Greece website.
Related links:
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