Credit standards tightened for loans to enterprises and households; Firms’ demand for loans continued to decline, while demand for housing loans increased; Government guarantees on loans to firms supported bank lending conditions
The euro area bank lending survey (BLS) provides information on bank
lending conditions in the euro area. It supplements existing statistics
with information on the supply of and demand for loans to enterprises
and households. The BLS provides input to the assessment of monetary and
economic developments carried out by the ECB Governing Council in the
process of making its monetary policy decisions.
Banks’ approval criteria for loans to firms
and households tightened. This mainly reflected concerns about credit
risk arising from the coronavirus crisis.
Firms’ loan demand declined further after a
strong increase in the first half of 2020, while demand for housing
loans continued to increase
Coronavirus-related government guarantees on loans to firms supported bank lending conditions in 2020.
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