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Bank Lending Survey (BLS): Q2 2021

20/07/2021 - Press Releases

  • The credit standards for loans to non-financial corporations (NFCs) remained unchanged. The terms and conditions for corporate loans remained basically unchanged, while the overall demand for loans to NFCs increased somewhat.
  • The credit standards as well as the terms and conditions for loans to households remained unchanged, while the demand for both housing and consumer credit increased somewhat.

 

Loans to non-financial corporations

In the second quarter of 2021, the credit standards for loans to non-financial corporations (NFCs) remained unchanged (see Chart 1) compared with the first 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 third quarter of 2021.

The overall terms and conditions for loans to NFCs remained almost unchanged compared with the first quarter of 2021.

The overall demand for loans to NFCs increased somewhat due to the increased financing needs for fixed investments and working capital (see Chart 2). During the next quarter, the overall demand for both short-term and long-term loans to NFCs is expected to increase somewhat.

In the second quarter of 2021, the ratio of rejected applications for loans to NFCs remained basically unchanged compared with the previous quarter (see Chart 3).

 

Loans to households

In the second quarter of 2021, the credit standards as well as the terms and conditions for loans to households remained unchanged compared with the first quarter of 2021 (see Chart 1), in line with the expectations expressed in the previous quarterly survey round.

The overall demand for housing and consumer credit increased somewhat compared with the first quarter of 2021 (see Chart 2). The improvement in consumer confidence contributed to the increase in demand. During the next quarter, the demand for housing loans is expected to remain almost unchanged, while the demand for consumer loans is expected to increase somewhat.

Banks expect that credit standards will remain unchanged during the third quarter of 2021.

The ratio of rejected applications for loans to households remained basically unchanged during the second 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 Q3 2021 will be published on 26 October 2021, in accordance with the Advance release calendar on the Bank of Greece website.

 

Related links:

Information on Bank Lending Survey

Methodology

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