Bank Lending Survey (BLS): Q3 2024
15/10/2024 - Press Releases
- The credit standards for loans to non-financial corporations (NFCs) remained unchanged in the third quarter of 2024. The terms and conditions for corporate loans remained also unchanged. The overall demand for corporate loans remained almost unchanged.
- The credit standards and the terms and conditions for household loans remained unchanged in the third quarter of 2024. The demand for housing loans decreased, while the demand for consumer credit remained almost unchanged.
Loans to non-financial corporations
In the third quarter of 2024, the credit standards for loans to non-financial corporations (NFCs) remained unchanged compared with the second quarter of 2024 (see Chart 1), in line with the expectations expressed in the previous quarterly survey round. Moreover, banks expect credit standards to also remain unchanged during the fourth quarter of 2024.
The overall terms and conditions for loans to NFCs also remained unchanged compared with the second quarter of 2024.
During the third quarter of 2024, the overall demand for corporate loans remained almost unchanged (see Chart 2), while it is expected to remain unchanged during the next quarter.
In the third quarter of 2024, the ratio of rejected applications for loans to NFCs remained unchanged compared with the previous quarter (see Chart 3).
Loans to households
In the third quarter of 2024, the credit standards for loans to households remained unchanged compared with the second quarter of 2024 (see Chart 1). The terms and conditions for housing and consumer loans remained also unchanged. Banks expect that, during the fourth quarter of 2024, credit standards for housing and consumer loans will remain unchanged.
The demand for housing loans decreased, due to the general level of interest rates but also because households adopt and wait-and-see attitude in view of the upcoming State-subsidized program "My Home II". The demand for consumer loans remained almost unchanged (see Chart 2). During the next quarter, the demand for housing loans is expected to remain almost unchanged, while the demand for consumer loans is expected to remain unchanged.
During the third quarter of 2024, the ratio of rejected applications for housing loans and consumer credit remained unchanged (see Chart 3).
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 2024 will be published in January 2025.
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More on the Bank Lending Survey
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