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Bank Lending Survey (BLS) – Q2 2015

14/07/2015 - Press Releases

Bank Lending Survey (BLS) (1), (2) – Q2 2015

Loans to non-financial corporations

In the second quarter of 2015, credit standards for loans to non-financial corporations (NFCs) tightened (see Chart 1), compared to the first quarter of 2015, due to the liquidity conditions that Greek banks face and the difficulties in accessing money markets. Moreover, credit standards are expected to tighten further in the third quarter of 2015 as well.

The demand for loans by NFCs decreased in the second quarter of 2015 (see Chart 2), despite increased financing needs for debt restructuring. Demand for loans by NFCs is expected to decrease further in the third quarter of 2015.

The terms and conditions for loans to NFCs also tightened in the second quarter of 2015, compared with the previous quarter.

Loans to households

In the second quarter of 2015, credit standards for loans to households remained overall unchanged (see Chart 1), compared to the first quarter of 2015, and they are expected to remain at the same level in the third quarter of 2015.

The demand for housing loans (see Chart 2) remained unchanged in the second quarter of 2015, while it is expected to fall somewhat in the third quarter of 2015. The demand for consumer credit declined slightly (see Chart 2) and is expected to decrease a bit further in the following quarter.

Terms and conditions for loans to households remained broadly unchanged.

Chart 1

Credit Standards (Average)

 

Chart 2

Demand (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.

 

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